Canadian Office:
Suite 800, 521 3rd Ave. S.W. Calgary, AB, Canada T2P 3T3
P: +1 403.476.7850
January 30, 2012
Canadian based Australian company announces sale of Duvernay
Acreage, Canada
(Calgary, January 27, 2012)
Mako Energy Limited, a Canadian-based Australian company,
(ASX : MKE, "Mako") reports today that they, along with their
Alberta Joint Venture (AJV) partners, have sold a 100 per
cent working interest in the Duvernay Formation underlying
eight sections (5,120 acres; 2,048 hectares) of land in the
Rimbey, Alberta area. The land was sold to a Canadian
resource company that is active in the vicinity of Mako's
Duvernay land holdings. The transaction closed on January 25,
2012 in Canada. Mako believes that the price agreed upon is
consistent with the market value established by other
transactions in the area.
Although the sold lands are prospective for unconventional
Duvernay shale development, they were regionally remote from
Mako's core Duvernay land holdings. Mako and its AJV partners
have retained their existing rights in the Rock Creek
formation in the sold lands which are believed to be highly
prospective for horizontal drilling opportunities. Sale
proceeds will be used in exploration and development
drilling.
Mako and AJV partners are also announcing that at a recent
Crown land sale they have acquired a further 20 per cent
working interest in 4.5 sections (2.880 acres; 1.152
hectares) of land which is prospective for Duvernay shale and
Rock Creek. These lands (unlike those sold) border the
existing land holdings of the Joint Venture Arrangement that
was announced in December of 2011.
Mako is an Australian company whose headquarters are located
in Calgary, Alberta, Canada with operations entirely focused
within the prolific Western Canadian Sedimentary Basin. Mako
is one of few Australian listed companies who are benefitting
from the application of horizontal drilling and multiple
stage fracturing technologies that are improving economic
margins in existing plays and enabling significant new
hydrocarbon plays in North America.
ASX Code: MKE
Shares on issue:
144,336,296
Current share price:
$0.135 (27 Jan 2012)
12 month range:
$0.37 (high) - $0.09(low)
Board of Directors
Mr George Watson
Chairman
Mr Simon Owen
Executive Vice Chairman
Mr Paul Griese
Managing Director
Mr Garry Mihaichuk
Non Exec Director
Mr Graham Anderson
Non Exec Director
Management
Mr Paul Griese Managing Director and President
Mr James Wilson
CFO
Mr Cam Bolter
Executive Vice President
Mr Leonard Math
Company Secretary
MAKO Energy Limited E: info@makoenergy.com.au | W: www.makoenergy.com.au | ABN: 33 009 218 955
Australian Office:
MAKO Energy Limited | Level 1, 681 Murray Street, West Perth WA Australia 6005
Administration: +61 (8) 9322 2700 | F: +61 (8) 9322 7211
Canadian Office:
MAKO Energy Limited | Suite 800, 521 Third Ave
S.W. Calgary, Alberta, Canada, T2P 3T3
P: +1 (403) 476-7850 | F: +1 (403) 476-7851
For more information please contact:
Paul Griese, Managing Director and President
Mako Energy Limited
+1 (403) 476 7858
Simon Owen, Executive Vice Chairman
Mako Energy Limited
+61 413 777 286
MAKO Energy Limited E: info@makoenergy.com.au | W: www.makoenergy.com.au | ABN: 33 009 218 955
Australian Office:
MAKO Energy Limited | Level 1, 681 Murray Street, West Perth WA Australia 6005
Administration: +61 (8) 9322 2700 | F: +61 (8) 9322 7211
Canadian Office:
MAKO Energy Limited | Suite 800, 521 Third Ave
S.W. Calgary, Alberta, Canada, T2P 3T3
P: +1 (403) 476-7850 | F: +1 (403) 476-7851
distribué par | Ce noodl a été diffusé par Mako Energy Limited et initialement mise en ligne sur le site http://www.makoenergy.com.au. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-30 07:54:44 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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