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Traverse Energy Ltd V.TVL


Primary Symbol: TVETF

Energy Oil & Gas E&P
Traverse Energy Ltd is a Canada-based company. The Company is engaged in oil and gas exploration, development and production activities. It conducts its operations in the province of Alberta. The Company’s assets are located in the Carbon, Turin and Greater Coyote areas of Alberta as well as in the Duvernay land base located in the Buffalo Lake, Chigwell and Pigeon Lake areas of Alberta. The Greater Coyote area includes properties in the Chain Lakes, Coyote, Hanna, Michichi, and Watts areas of Alberta.


GREY:TVETF - Post by User

Traverse Energy Ltd
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Post by stockfyon Aug 31, 2018 1:43pm
123 Views
Post# 28549841

One more deal in East Duvernay shale Basin

One more deal in East Duvernay shale BasinJourney (JOY) just made an excellent farm-out deal for its East Duvernay acreage:

https://www.journeyenergy.ca/index.php/new-releases?id=58&newsid=122541


Another recent deal is below according to PLX:

" May 30, 2018 Alberta Crown land sale saw 81,920 acres sell for $33.6 million or an average price of $410 per acre offsetting Point Loma’s West Duvernay acreage":

https://www.pointloma.ca/wp-content/uploads/2018/06/Point_Loma_-_Press_Release_re_Duvernay-final-00000003.pdf


PLX's presentation also shows East Duvernay deals at $900 per care:

https://www.pointloma.ca/wp-content/uploads/2018/07/Point-Loma-Resources-Ltd.-July-25-final.pdf


It's clear that the transactions in this emerging oily area rise.
Traverse (TVL) owns 89,000 net acres there.... 


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Dealroom for high-potential pre-IPO opportunities