07-25-2006, 07:25 AM
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#1
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Franchise Player
Join Date: Aug 2003
Location: Calgary, Alberta, Canada
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Pengrowth, Espirit Energy Trusts Merge
Pengrowth will acquire approximately 18,350 barrels of oil equivalent (BOE) per day of current production, plus 71.7 million BOE of proved and probable oil and natural gas reserves.
The deal also brings 100,000 net hectares of undeveloped land, which has shallow gas and coal-bed methane potential.
http://www.cbc.ca/story/business/nat...th-esprit.html
I thought it was note worthy due to Pengrowth's association with the Flames and the Saddledome.
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Huge thanks to Dion for the signature!
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