Pearl Exploration and Production Ltd.
Transaction Type
Marketers
Post Date
Estimated Price
0MM
Description
Pearl Exploration and Production Ltd. (Pearl) has retained Canaccord Enermarket Ltd. to sell certain nonstrategic assets in southern Alberta. The package includes operated and nonoperated properties primarily in the Long Coulee, Little Bow and Badger areas. Production is 1,018 barrels of oil equivalent per day (86% gas) with an addition 340 barrels per day in the second quarter. Proved and probable reserves are approximately 3.3 million barrels equivalent (76% proved). For more information, contact Martin Peters, 403-537-9829.