Welton Energy Corp.

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Description

Welton Energy Corp. has retained Tristone Capital Inc. to seek strategic alternatives. Welton assets involve operated and nonoperated properties in Alberta, British Columbia and Saskatchewan producing 695 barrels of oil equivalent per day consisting of 1,750 million cubic feet of gas and 403 barrels of oil and gas liquids. About 84% of the proved plus probable reserve value is at the Brazeau, Mantario, Ricinus and Chime properties. The bid due date is early June. Contact George Gosbee, 403-294-9541.