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Angle Energy Mulls Outright Sale, Merger in Strategic Review
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Angle Energy Inc. has reported the initiation of a broad public process to identify and evaluate strategic alternatives to enhance shareholder value.
Strategic Alternatives ReviewSince 2011, Angle has successfully executed an organic development strategy focusing on the light oil and liquids-rich natural gas assets in its portfolio to generate growth in cash flow per share and overall shareholder value. The Company operates a highly focused core of growth-oriented oil and liquids- weighted natural gas assets in the prolific Harmattan, Ferrier and Edson areas of Alberta. These assets offer the potential for significant future growth in light oil and liquids-rich natural gas reserves and production in the Cardium, Mannville and Viking formations. Angle's repeated success with its Harmattan…
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