Calgary, Alberta, December 6, 2017 – Zafer Energy Inc. announces that it has entered into an exclusive engagement agreement (the “Engagement Agreement”) with Can-World Finance Services (“Can-World”) whereby Can-World has agreed to participate in the funding of up to $75,000,000.00 CAD for the acquisition of producing oil and gas properties in the Western Canadian Sedimentary Basin.
Zafer intends to use the funds drawn under the facility to acquire new high-quality oil and gas producing properties in Alberta and Saskatchewan and develop these properties and the related infrastructure. It is anticipated that a majority of the assets to be acquired and developed will be light oil and liquid rich gas properties and related ancillary infrastructure assets which are expected to include water disposal facilities, produced water flowlines, fuel gas flowlines, fluid transportation equipment and facilities and centralized oil and gas processing facilities.
About Zafer Energy Inc.
Zafer Energy Inc. is a private western Canadian junior oil & gas company focused on building a group of assets in Western Canada, which have significant asset control from well, through the operating facility, to the point of sale. Zafer’s strategy is to maintain a balanced portfolio of natural gas and oil opportunities. The goal is to generate superior risk adjusted returns by acquiring low risk, conventional energy assets at historically low valuation metrics. The Company will grow through the drill bit and through strategic acquisition opportunities that have stable production profiles and meaningful development opportunities achieved through new technology enhancing hydrocarbon recovery. Utilizing existing oil and gas services held by the management team which includes Richard Zabel, Co-Founder and President, Cody Fermaniuk, Co-Founder, VP of Land and Business Development, Brent Cooper, VP of Exploration and Tim Beatty, VP of Operations.
For more information contact;
Can-World Finance Services
Business Development Manager, Energy Lending /Acquisitions & Divestitures/Equipment Leasing
195, 3025 – 12th St. NE, Calgary, AB T2E 7J2
P: (403) 208-4919
F: (403) 208-4780