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KNOC’s Harvest shops Alberta non-core assets
Harvest Operations Corp., the Canadian subsidiary of Korea’s KNOC, retained CB Securities to assist in the sale of 17 non-core properties in Alberta, with the northernmost area in Worsley and the southernmost at Crossfield. Production of 6,200 boe/d generated $17 million of annualized 2018 cash flow. Marketing materials noted there is considerable upside identified across the properties, as well as opportunities for production and operating cost improvement.Harvest’s core assets are comprised of its 100%......
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