Whitecap Resources acquiring Kicking Horse Oil & Gas for $300-million theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Kelt Exploration Ltd.: Kelt Provides Results of Its Oil & Gas Reserves Evaluation Effective December 31, 2020 Oil & NGLs [Mbbls] Oil & NGLs [Mbbls] Light Oil, Condensate and Pentane
62%
Notes:
[1] December 31, 2019 amounts are pro-forma, adjusted to exclude amounts relating to the Inga Assets which were sold in 2020.
[2] Refer to advisories regarding Measurements and Abbreviations.
RESERVES
The Company s net present value of proved plus probable reserves at December 31, 2020, discounted at 10% before tax, was $932 million, a decrease of 16% from $1,111 million, pro-forma December 31, 2019. Despite an increase in reserves, the net present value decreased as a result of significantly lower forecasted oil and gas prices for the future years in the December 31, 2020 evaluation (see Commodity Prices table included below). Sproule s forecasted commodity prices for 2021 used to determine the net present value of the Company s reserves at December 31, 2020, are U
Winnipeg Free Press By: The Canadian Press
Calgary producer Spartan Delta Corp. says it has agreed to buy private rival Inception Exploration Ltd. and two packages of oil and gas assets in northwestern Alberta for a total of $148 million in cash and shares.
Calgary producer Spartan Delta Corp. says it has agreed to buy private rival Inception Exploration Ltd. and two packages of oil and gas assets in northwestern Alberta for a total of $148 million in cash and shares.
The company, founded last spring through a recapitalization of Return Energy Inc. that put in place a new management team, says it has also arranged an $80-million equity financing through National Bank Financial.
Spartan Delta Corp Announces Three Strategic Acquisitions and $80 0 Million Financing einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.