document: Ref. DEA 20 Jan '20, IPC announces the completion of the acquisition, from Granite Oil Corp., of Alberta assets for USD 59 MM. This provides for total 2P reserves of 14 MMboe + 6.2 MMboe unrisked contingent resources + production of ab. 1,500 bo/d. Assets also include infrastructure to continue gas injection enhanced oil recovery as well as production facilities.
summary: PC announces the completion of the acquisition, from Granite Oil Corp., of Alberta assets for USD 59 MM. This provides for total 2P reserves of 14 MMboe + 6.2 MMboe unrisked contingent resources + production of ab. 1,500 bo/d. Assets also include infrastructure to continue gas injection enhanced oil recovery as well as production facilities.