Seven Generations Acquires Montney Acreage

Transaction Type
Sellers
Buyers
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Description

Acquired rights in the Grand Prairie region of West Central Alberta.

Seven Generations Energy Ltd. acquired 56 square miles of rights in the Montney and other formations in the Grande Prairie region of west central Alberta through several separate transactions.

The land will extend the company's Kakwa River Project and brings the net land holdings of the company to 357 sections, including 331 sections of mineral rights in the Montney formation. While proximal to the company's gathering and processing infrastructure, the new sections are not contiguous with the company's previously held and now partially delineated holdings. These sections form a new, sparsely delineated prospective area that the company hopes to test within the next 18 months.

The company is engaged in the delineation and development of its Kakwa River Project, a multi-zone, tight, rich gas project in the Alberta Deep Basin.

Seven Generations Energy Ltd. is a private oil and gas developer based in Calgary.