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Low risk – Light oil – Drill ready Cardium development opportunity

June 16, 20217:14 AM BOE Report Staff

The company is making available its 33.33% net working interest in a single section of Cardium rights (Sec.19-37-7W5), in addition to its 3% GORR covering 2.75 net sections of Cardium rights. All lands are concentrated amongst active development programs, with several prolific, recently drilled, Cardium Hz wells surrounding.

Opportunity Highlights:

  • Compelling economics, with rapid payouts and reliable, established production curves.
  • Initial ‘Drill Ready’ opportunity from existing multi-well pad site, with existing pipelines and facilities in place.
  • Pooling opportunities with adjacent landowners to accommodate extended reach Hz drilling.

 

If interested, please contact kxlland@kfoc.net for more detailed analysis and information relating to timing of the offering.

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