• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

Shoreline Energy Corp. Announces the Closing of Sale of Certain Royalty Interests

July 31, 20142:30 PM Marketwired

CALGARY, ALBERTA–(Marketwired – July 31, 2014) –

NOT FOR DISTRIBUTION IN THE UNITED STATES

Shoreline Energy Corp. (TSX:SEQ) (“Shoreline” or the “Corporation“) is pleased to announce that it has closed the sale of its royalty interests in its Canadian land base to PrairieSky Royalty Ltd. for total gross proceeds of $9 million, as described in the Corporation’s press release of July 25, 2014. The net proceeds of the sale were used to reduce total corporate indebtedness, including Shoreline’s credit facilities with its senior secured lender, Alberta Treasury Branches, which have been reduced to approximately $13 million.

Investor Information

Shoreline is a Calgary, Alberta based corporation engaged in the exploration, development and production of petroleum and natural gas. Shoreline offers investors a combination of value growth via lower risk development of additional oil reserves and production on its current lands. The Corporation’s common shares and convertible unsecured subordinated debentures are currently listed on the TSX under the trading symbols “SEQ” and “SEQ.DB”, respectively. Additional information regarding Shoreline is available under the Corporation’s profile at www.sedar.com or at the Corporation’s website, www.shorelineenergy.ca.

Shoreline Energy Corp.
Mr. Trevor Folk
Chief Executive Officer
tfolk@shorelineenergy.ca

Shoreline Energy Corp.
Mr. Kevin Stromquist
President & Chief Operating Officer
kstromquist@shorelineenergy.ca

Shoreline Energy Corp.
Calgary Office
Suite 500, 500 – 4th Ave. SW
Calgary, Alberta T2P 2V6
(403) 767-9066
www.shorelineenergy.ca

PrairieSky Royalty Shoreline Energy

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • July 9th Alberta Crown Land Sale totals $25.3 MM – Montney and Clearwater prospects command premiums – StackDX Intel
  • Discount on Western Canada Select narrows to $10 a barrel
  • Vermilion Energy Inc. Announces Closing of the Saskatchewan Asset Sale
  • Brazilian oil could find new destinations in the face of Trump’s tariffs
  • Gibson Energy Confirms 2025 Second Quarter Earnings Release Date and Provides Conference Call & Webcast Details

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2025 Stack Technologies Ltd.