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Strath Resources Ltd.

Company Summary

Description

Strath Resources Ltd. is a Calgary-based private company focused on the development of its core oil and natural gas asset in the Kakwa area of Alberta’s Deep Basin. It's positioned for substantial growth of its proven, multi-zone resource in the Montney, Wilrich and Dunvegan zones. Strath’s growth is supported by high working interest and operatorship of more than 200 sections of land, ownership of gas plant and gathering infrastructure, and midstream arrangements that provide for processing, transportation and fractionation of its oil and gas reserves.

Website

https://www.strathresources.com/

Operational Regions

  • Western Canadian Sedimentary Basin

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Recent news

Company Transactions

Date: 7/20/2018
Type: Acquisition

DETAILS:

COST: 340 $MM

VOLUMES: 5.3 MBOE/d

ACRES: 97280 Acres

NOTES:
Strath will issue Paramount $170 million in cash, 85 million common shares and 10-year warrants to acquire a further 8.5 million shares.
REGIONS:
  • Western Canadian Sedimentary Basin