Perpetual Energy offers spectrum of investment opportunities
Perpetual Energy is keen on Asian investors who are raising their stake in Canada's oil and gas industry. With large-scale pipelines in the offing, Canada's resources will be readily accessible to China, India and Southeast Asia. Perpetual Energy has a range of highly productive and high-potential assets in its portfolio for long-term investors.
Perpetual Energy is keen on Asian investors who are raising their stake in Canada's oil and gas industry. With large-scale pipelines in the offing, Canada's resources will be readily accessible to China, India and Southeast Asia. Perpetual Energy has a range of highly productive and high-potential assets in its portfolio for long-term investors.
"We've built a diversified company and have new creative technology ideas that we'd like to share with investors who are willing to invest alongside us to unlock large resources," says Susan Riddell Rose, president and CEO of Perpetual Energy.
The company's portfolio is entirely in Alberta and includes heavy oil, shallow natural gas, liquid-rich gas assets and significant bitumen resources in place. It produces about 100 million cubic feet per day of natural gas, and about 3,500 barrels per day of oil and natural gas liquids (NGL). Cash flow is also generated from an operated gas storage facility in central Alberta, which has an operational life of 30 to 50 years.
Through proven exploitation strategies and technological enhancements, Perpetual expects increasing value from its Mannville heavy oil fields and NGL developments in the greater Edson area over the short to medium term. For the longer term, Perpetual has exposure to a vast shallow shale gas resource in eastern Alberta. Seven bitumen projects are likewise advancing, including the pilot-testing of a more energy-efficient technology called Low-Pressure Electro-Thermally Assisted Drive (LEAD).
"We are looking for partners to help evolve some of our technology initiatives," Rose says. "The value potential will be significant when we unlock the large resource base captured in our heavy oil, gas and bitumen assets."
Perpetual has won government funding for LEAD through Alberta's Innovative Energy Technologies Program. The company is eyeing a joint venture with Asian investors to accelerate its bitumen work plan. It can also supply dry natural gas within North America.
