Asset A&D

Bonavista Energy Acquires Additional Interests in West Central Alberta

By Shriya Bhargava
December 04, 2019
a few seconds read

Canadian junior oil & gas company Bonavista Energy Corp. has entered into an agreement with Paramount Resources Ltd. to acquire certain oil and liquids rich natural gas weighted properties located in its core operating area in West Central Alberta. The buyer reported an aggregate purchase price of C$53.3 Million (~US$40.1 Million) in cash, subject to customary post-closing adjustments. The assets purchased include ownership interests in ~500 Net Sections of mineral rights, with projected daily production of 8,200 boe/d (~44% Oil/NGLs) expected during the first quarter of 2020.

Share
More news
Select a License
Access our Global Upstream Oil & Gas M&A, Financing and Corporate Database
Quick registration, online payment and instant access
View pricing