Angle Energy Inc ANGZF

More About Duvernay - Trilogy Lands

[uwinsome]

Trilogy has 3 times as much acerage in the Duvernay as Angle. They are looking for a partner to help them develop their 225,000 acres that they say is worth close to $2B. There are quite a few land holders in the area trying to do the same thing, like - Athabasca, Talisman, Trilogy and Angle. But there are also a lot of big players that have already jumped into this world class play like -Exxon, PetroChina and Chevron. You can bet that way more are interested.

https://www.bloomberg.com/news/2013-09-30/trilogy-considers-partners-on-1-94-billion-of-acreage.html

[uwinsome]

I would not be surprised to see a spin out that would be a joint venture between multiple parties in the Duvernay. Angle and - maybe Trilogy or Talisman - with another investor. These companies could spin out their Duvernay lands. The shareholders of these companies could ultimately have a percentage of the new spin out, receive cash or a combination of both. This is done all the time in the