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Amherst racks up 12,000 acres since 2017 formation
Privately held, Calgary-based Amherst Energy has acquired ~12,000 acres of mineral leases since its formation in February 2017. The position covers six oil prospect areas: Morgan, Lloydminster, Leo, Thorsby and Provost in Alberta and Lashburn in Saskatchewan. The prospects are targeting a combination of heavy and light oil.Amherst has identified 111 potential locations on its existing holdings and plans to begin development operations in Q4.An independent evaluation of the acquired acreage estimates 162.2 MMbbl......
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