The acquisition is an important part of Goldnev’s strategy of developing and exploiting a balanced project portfolio of oil, gas and unconventional resources. With Pincher Creek, Goldnev now has a large oil discovery and development project in Alberta, in addition to two high potential gas projects in Noel, British Columbia, and a long-term unconventional oil shale project in Saskatchewan.
The Pincher Creek property lands are located in the northern portion of Pincher Creek field, discovered by Gulf Canada in 1947. The oil and gas interests being acquired range from 7.5% to 25% and consist of mostly contiguous lands divided into several separate but complementary oil and gas projects.
