Markets

Rockbridge Inks JV Pacts for Up to 5 Alberta Oil & Gas Properties; Slates $400K Offering to Pay Portion of Costs

RockBridge Resources Inc. (RBE.V) is steady at 6 cents a share this afternoon after announcing joint venture agreement for up to five oil and gas projects in Alberta now owned by privately held Crimson Energy Ltd.

RockBridge described the projects as low risk, near-production opportunites with most of the wells already completed and either tied in or near tie-in points. Cost of bringing two of the properties to production is estimated to be about $750,000 and Rockbridge is moving forward on a $400,000 offering of flow-through stock priced at 5 cents each.

of Calgary, through farm-out or purchase. The projects are low risk, near production opportunities and most involve completed wells presently tied in or near tie-in points, all containing producing zones indicated to have by-passed production.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More