Velvet Energy Ltd. Production
Closed US$125MM Senior Secured Second Lien Financing. Drew $30MM of equity. Velvet Energy Ltd. Production Growth
Completed 15-7 oil well in the Montney at Gold Creek. Doubled Gold Creek landholdings to 195 net sections via asset & Crown land acquisitions.
Edson development accelerated with 2nd rig. Additional land acquisition opportunities in Gold Creek. Drew $50MM of equity.
Drew $15MM of equity.
Velvet Energy Ltd. Production Growth
Completed construction and filled equity interest in new 54mmcf/d fit-for-purpose gas and NGL plant at Zeta Creek. On time and on budget.
Closed new $100MM equity line at $13.75/sh
Completed 1st Montney well and commenced Zeta Creek Plant design. Drew $30.6MM of equity.
Velvet is an organic growth company. We apply best-in-class geoscience and commercial skill to build large and contiguous tracts of land in, and adjacent to, oil-window source rocks.
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