We have come off restriction following our participation in Cardinal’s recent equity financing, proceeds from which were used to partially fund the Company’s $129 mm (net) acquisition of a suite of mature light oil assets located in the Greater Mitsue region of central Alberta. The assets were acquired from Penn West Exploration (PWT-TSX) in a joint deal between Cardinal (75%) and a private junior E&P (25%). With Cardinal able to successfully execute a high quality transaction at attractive pric ....
07 Oct 2015
First Energy Daily Global Research Summary
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First Energy Daily Global Research Summary
- Published:
07 Oct 2015 -
Author:
Cody R. Kwong -
Pages:
4
We have come off restriction following our participation in Cardinal’s recent equity financing, proceeds from which were used to partially fund the Company’s $129 mm (net) acquisition of a suite of mature light oil assets located in the Greater Mitsue region of central Alberta. The assets were acquired from Penn West Exploration (PWT-TSX) in a joint deal between Cardinal (75%) and a private junior E&P (25%). With Cardinal able to successfully execute a high quality transaction at attractive pric ....