Glacier Ridge Resources Ltd.

Transaction Type
Sellers
Marketers
Post Date
Estimated Price
MM
Description

Glacier Ridge Resources Ltd. has retained Collins Barrow Securities Inc. to sell the company. Glacier Ridge holds working interests in three properties, specifically Ferrier, Wembley and Alexander, Alberta. Net production is 1,500 barrels of oil equivalent per day. Remaining reserves are estimated in excess of 30 billion cubic feet of gas and 1.5 million barrels of liquids. The Ferrier property is in townships 40 and 41, ranges 8 and 9 W5M and contains approximately 90% of Glacier Ridge's current assigned value. The Wembley property consists of 22 sections of land in townships 72 and 73, Range 8 W5M. Glacier Ridge holds working interests up to 42.5% and gross overriding royalty interests. The Alexander property consists of 45 sections of land in townships 55 and 56, ranges 1 and 2 W5M. Glacier Ridge holds working interests up to 20%. For more information call Darryl Derouin at 403-298-1515 or Graham Kidd at 403-298-1533.