Canada Energy Reaches $2MM Financing Agreement
January 16, 2013
Canada Energy Partners (TSXV: CE) has arranged for a two year satisfaction of a CA$1.6 million plug and abandonment bond commitment to the BC Oil and Gas Commission and secured financing for two years.
The financing is by way of a third party credit facility for all lease property taxes and surface and subsurface rental obligations in exchange for granting a 12 month first-right-of-refusal on the company's Montney assets. In addition, Canada Energy has committed to sell certain dormant assets for CA$210,000. Closing is expected to occur on or before ...
Upcoming Events
-
5/29/13Conference: DUG Bakken - focuses on the Bakken, Niobrara and oil- and liquids-rich resource plays
-
6/5/13Online: What Broadband Land Seismic Technology Means to Your Project's Success
-
6/6/13Online: Faster, More Accurate Depth Imaging and Interpretation with GPU Acceleration
-
6/17/13Conference: Energy Capital Conference: Asset Capital, Intellectual Capital & Financial Capital
-
8/27/13Conference: DUG Australia: Knowledge Transfer, Capital Solutions, Growth Opportunities & Production Monetization
Tel: +1.713.260.6400; Fax: +1.713.840.8585
Copyright© 2013 Hart Energy. All rights reserved. Reproduction in whole or in part, in any form or medium without express written permission is prohibited.