oil & gas assets
You have accessed this news story:

IPC completes $710MM acquisition of BlackPearl Resources



Feed Icon
Lundin Petroleum spin-off International Petroleum Corp. closed its $709.9 million acquisition of Calgary’s BlackPearl Resources, adding conventional oil, thermal oil and oil sands assets in Saskatchewan and Alberta. The deal doubled IPC’s 2P reserves to 291.5 MMboe, increased total production by 50% to 45,000 boe/d—with a short-term line of sight to 50,000 boe/d and longer-term potential of 100,000 boe/d—and boosted its oil weighting from 42% to 74%. The acquisition creates a company with a......
 
Provide your credentials to access this page

Member Area: Log in if you have a PLS web account or Sign up for internet access now.

PLS Web Client?
Log in to proceed







Sign up for PLS Reports
& Web Access!


Already subscribed to Reports?
Sign up for Web Access!
Search For More News