Seven Generations Energy Ltd.

Seven Generations has closed its acquisition of Montney liquids-rich natural gas assets in northwest Alberta from Paramount Resources Ltd. "This acquisition significantly expands our Kakwa River Project, increasing our proved reserves by about 47 percent and our inventory of high-growth Nest acreage by about 35 percent. At a similar development [...]

Seven Generations Energy produced a record 117,353 barrels of oil equivalent per day (boe/d) in the second quarter of 2016, up 116 percent from the second quarter of 2015, and up 33 percent from the first quarter of the year. Second quarter condensate production increased 87 percent from the same quarter in 2015 to 38,803 boe/d. "As we bring new [...]

Seven Generations has closed its previously announced bought-deal equity financing raising gross proceeds of $747,666,750 by issuing 30,705,000 subscription receipts for $24.35 each, which included 4,005,000 subscription receipts issued pursuant to the fully exercised over-allotment option granted to the syndicate of underwriters.

Seven Generations has reached an agreement that will significantly expand its ownership in the prolific and low-supply-cost Montney Nest liquids-rich natural gas play with the acquisition of about 30,000 barrels of oil equivalent (boe) of daily production, 155 net sections of Montney land and 199 million boe in proved reserves from Paramount [...]

Seven Generations lenders have renewed and extended the company's $850 million credit facility following a scheduled redetermination of its borrowing base. "We appreciate the ongoing support from our lending syndicate of 10 financial institutions. In the past six months, we have increased our reserves, the basis for our borrowing capacity, and have [...]