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| Home : Birchcliff Energy Ltd. Announces Series of Asset Sales for Expected Proceeds of Approximately $142 Million |
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Aug 02
2017 |
Birchcliff Energy Ltd. Announces Series of Asset Sales for Expected Proceeds of Approximately $142 Million |
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CALGARY, ALBERTA--(Marketwired - Aug. 1, 2017) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to announce that it has completed a series of asset sales and expects to complete additional asset sales, including the sale of its Worsley Charlie Lake Light Oil Pool, for total disposition proceeds of approximately $142 million (subject to closing adjustments). These asset sales collectively represent forecast 2017 annual average production of approximately 3,600 boe/d (approximately 62% light oil and NGLs) and proved plus probable reserves of 48.2 MMboe at December 31, 2016. |
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| Source:http://www.marketwired.com/mw/release.do?id=2228519&sourceType=3 |
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