Potential Spin out of Kakwa concessionToo much to develop so, considering spin out of a portion of Kakwa.
The Jordan field is very impressive and internal engineering studies will proceed in 2022.
Getting Compensation cash would be superb to kick start this project
Assessing high yield acreage in Jordan
• Best estimate of unrisked discovered petroleum initially
in place of 7.8 billion barrels(1)
• MOU covers 264 sq. km area with over 35 core holes
drilled
• Core holes indicate yields over ~40m intervals of
approximately 23 gallons/ton
• Favorable regulatory environment with first 470MW oil
shale power plant commissioned in Q2 2021
Red Leaf’s EcoShale technology redesigned to improve economics and eliminate emissions from production
Continuing concession negotiations
Quebec Utica Shale asset has a NPV5 of $824 million .
20% which is about $175 million sounds right ..