One-Page Deal Sheet
Black Swan Energy to Form Duvernay Joint Venture
Black Swan Energy Ltd. Not Disclosed
Announced Date
June 24,2014
Transaction Type
JV
Asset/Basin:
{"Duvernay Shale"}
TargetZones:
{"Duvernay Shale",Mo
Net Acres
Transaction Details: Require Private Equity Subscription
Black Swan Energy Ltd. has recently entered into a joint venture agreement to accelerate development of its Duvernay holdings in the Willesden Green area of Alberta.
Under the agreement, the joint venture partner will drill and complete certain wells and contribute 50% of its land position to earn 50% of Black Swan's working interest in the area.
After completion of the earning, Black Swan will have 27,640 net acres of Duvernay rights.
Black Swan continues to control 100% of its 92,640 acres of Duvernay rights in the Edson and Pembina areas in Alberta where it is currently drilling a…
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