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Calgary is buzzing about the chances of an initial public offering for Seven Generations Energy Ltd. in 2014 as a result I would do a blog that did a brief comparison with other companies that operate in the Montney and our public.
SEVEN GENERATIONS ENERGY LTD (click to see blog)
Seven Generations Energy Overview – Seven Generations Energy Ltd. is a private Canadian company headquartered in Calgary and with an operations centre in Grande Prairie, Alberta, whose only asset is the Kakwa River Project near Grande Prairie. The Kakwa River Project consists of an approximately 270,000 net acre land base including approximately 250,000 net acres of Montney rights.
Public Companies in the Montney
Montney Formation The formation is composed of siltstone and dark grey shale, with dolomitic siltstone in the base and fine grained sandstone towards the top. The facies is shaley in the north and west of the extent (FortCardium St. John), silty in the center (Dawson Creek and Pouce Coupe areas) and becomes coarser (sandy) in western Alberta (Valleyview area). POIM Montney Blog
ADVANTAGE Oil and Gas Ltd.
Advantage Oil & Gas (formerly Advantage Energy Income Fund), takes advantage of Canada’s vast hydrocarbon resources, exploring for and oil and natural gas in western Canada, primarily in central and southern Alberta, as well as in British Columbia and Saskatchewan. Advantage’s specific focus is developing the prolific Montney natural gas play at Glacier, in Alberta. In 2008 the company reported about 547,912 net acres of undeveloped land, and proved and probable reserves of 174.8 billion cu. ft. of natural gas equivalent. Advantage produces about 23,000 barrels of oil equivalent per day.
ARC Resources Ltd. is located in Calgary, Alberta and is one of Canada’s largest conventional oil and gas companies. Operating five core areas across Western Canada, ARC’s focus is on developing and acquiring a portfolio of long-life oil and gas assets. ARC has a strong history of proven performance as measured by quality of assets, management expertise and long-term investor returns.
Long Run Exploration
Long Run Exploration (formerly Guide Exploration) is looking to cover a lot of miles along the oil and gas trail. The company is engaged in the exploration and production of crude oil and natural gas, with drilling operations focused across more than 1 million acres in Western Canada, primarily in the provinces of Alberta and British Columbia. The midsized oil and gas company’s largest producing properties are East Montney and Eaglesham, with other operations concentrated along the Peace River Arch.
NuVista Energy is the new view of Bonavista Petroleum, which reorganized in 2003 to form an income trust company (Bonavista Energy Trust) and an oil and natural gas exploration company. NuVista focuses on oil and natural gas exploration, development, and production in east-central Alberta and west-central Saskatchewan. Operating in the Oyen, Provost, and Pembina areas, the company has proved plus probable reserves of 82.2 million barrels of oil equivalent. The group’s strategy is to concentrate on its core natural gas-prone areas, drilling medium-risk prospects, and to invest 10% of its capital on higher-risk properties. In 2009 it acquired assets in British Columbia and Northwest Alberta for $174 million.
Trilogy Energy Corp
Trilogy Energy Corp. (TET) is a Canadian energy corporation formed through a spinout of assets from Paramount Resources in April 2005. Originally an income trust, Trilogy converted to a corporate structure in February 2010. Trilogy’s geographically concentrated assets are primarily low-risk, high working interest, lower-decline properties that provide abundant infill drilling opportunities and good access to infrastructure and processing facilities, many of which are operated and controlled by Trilogy.