Subscribe to our news feedPipeline between Asia and Europe will create oil and gas recruitment
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Published on Saturday 12th December 2009
A leading company has announced that it will be acquiring properties weighted with natural gas in Canada, which could create new positions for those looking at oil and gas recruitment. Delhi Energy Corp has signed a deal to acquire land in the Gold Creek and Wapiti areas of North West Alberta, with a third party agreeing to take a 40 per cent working interest in this region. The net cash purchase price is expected to be approximately $11.8 million (£7.19 million) and the acquisition is expected to be completed on August 31st. Shareholders will receive an operational benefit of 400 barrels of oil equivalent (boe) per day in incremental production, with proven plus probable reserves equalling 1,431,000 boe, which could interest those looking at oil and gas recruitment. Delhi Energy Corp recently announced that it achieved record production of 6,809 boe per day in the second quarter of the year. 
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