GREY:PENFF - Post by User
Comment by
Focusakkeron Feb 25, 2013 11:04am
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Post# 21038072
RE: DEI focus on Bigstone
RE: DEI focus on Bigstone I'm a little confused (nothing new). I read the Cequence Energy news release and it implies that they control 100% of their Bigstone Montney parcels even the newly acquired one:
The acquisition will increase Cequence's holdings at Simonette/Resthaven to 96 gross (89 net) Montney sections. The Donnybrook Assets increase Cequence's working interest to 100% in several sections of land immediately adjacent to the Company's recent Montney drilling activity. As a 100% working interest owner in substantially all of its Simonette Montney landbase, Cequence will control the pace of future development with no limitations arising from section boundaries or partner interests. Cequence management has identified approximately 70 future net potential horizontal locations that can be added to its existing Montney drilling inventory.
A land map of Cequence's holdings at Simonette, showing the location of Donnybrook Assets, has been posted to Cequence's website at www.cequence-energy.com.
Did DEI keep the land that they are partnership with PEN?
Thanks, Paul