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Canada's Topaz Energy builds Montney royalty position naturalgasworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasworld.com Daily Mail and Mail on Sunday newspapers.
Canada’s Topaz Energy adds to royalty lands May 3, 2021 2:30:pm Summary by: Dale Lunan Posted in: Canada’s Topaz Energy adds to royalty lands Canadian royalty and infrastructure company Topaz Energy said May 3 it has reached a definitive agreement with Reserve Royalty Income Trust to acquire all of its subsidiaries for about C$26mn (US$21.1mn), payable through the issuance of nearly 1.8mn Topaz shares. The acquisition adds 345,000 gross acres of developed and un-developed fee mineral title and royalty interest lands across western Canada along with corporate tax pools of about C$100mn. The assets produced average royalty production and royalty production revenue of 609 barrels of oil equivalent (boe)/day and C$1.6mn in Q1 2021. Production consisted of 141 b/day of crude oil, 2.2mn ft ....