Ramshorn Canada Investments Ltd., Stone Mountain Resources Ltd., Stone Mountain Ventures Partnership

Transaction Type
Sellers
Marketers
Basin
Western Canadian Sedimentary
Post Date
Estimated Price
MM
Description

Ramshorn Canada Investments Ltd., Stone Mountain Resources Ltd. and Stone Mountain Ventures Partnership have retained RBC Rundle to sell certain Horn River Basin assets in northeastern British Columbia.

The package includes 98.3% working interest in 45,755 gross acres on 70 net sections targeting the Muskwa, Evie and Otter Park Devonian shales. Original gas-in-place is up to 328 billion cubic feet per section for a total 21.8 trillion cubic feet. The assets feature all-season operations, infrastructure and facilities (gas plant and pipeline).

Additional resource potential is up to 7.7 trillion cubic feet of recoverable sales gas.

Upside includes a potential development rate of 600 million cubic feet of gas per day and direct access to west coast LNG opportunities.

Contact Bevin Wirzba, 403-298-9736, bevin.wirzba@rbccm.com.