Aduro Acquires British Columbian Assets, Aces $30MM Equity Financing

Aduro has announced the acquisition of producing assets, undeveloped land and infrastructure in the Monias area of British Columbia which closed December 18, 2008.

The assets consist of 9.9 mmcf per day of gas production. The properties are 100% operated and include two operated facilities with capacity of 20 mmcf per day as well as 100% ownership in an extensive network of pipelines, dehydration and compression infrastructure.

In conjunction with the acquisition, Aduro closed a $30 million private placement equity financing and secured a revolving operating loan facility with ATB. KERN Partners Ltd., ARC Financial Corp., and Aduro's existing investors were the major participants in this equity financing.


 

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Executive Protection Coordinator
Expertise: Risk Management|Security
Location: TX
 
United States Denver: Proposals Specialist
Expertise: Business Development|Marketing|Sales
Location: Denver, CO
 
Landman - Midstream Surface Land
Expertise: Landman
Location: The Woodlands, TX
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours