Greater Swan Hills
Razor acquired a legacy light oil asset in January, 2017 from a large producer, characterized by abundant lower risk operations, such as well reactivations and re-entries, and capable of providing strong returns to shareholders. The asset features medium depth light oil, operatorship in the majority of the area’s production with an average 90% working interest, and a stable base decline of 10% or less per annum. The area features year-round access and is pipeline-connected to wholly-owned infrastructure with direct access to sales.
Razor intends to seek similar acquisition opportunities where its focus and expertise can further unlock value with disciplined and creative operations.