Terra Energy Engages Advisors to Market B.C. Montney Assets by Sale or Joint Venture
Terra Energy Corp. (TT.TO), which closed Monday just above a year low 41.5 cents, announced that it has engaged Macquarie Capital Markets Canada Ltd. and Scotia Waterous of Scotia Capital Inc., jointly, as marketing/financial advisors to assist the Company in connection with an outright sale or joint venture of its unconventional Montney assets located in northeast British Columbia. Terra has also engaged GMP Securities LP to assist the Company in the analysis and evaluation of any proposed transactions.
Terra has also recently announced that it is marketing certain non-core assets in west-central Alberta, including a substantial Duvernay and a substantial Montney land position. These west-central Alberta assets consist of approximately 221 net sections in total.
Terra is a junior oil and gas corporation engaged in the exploration for, and development and production of, natural gas and oil in Western Canada.