![]() ![]() In addition, 8 horizontal wells were recently drilled on the GORR Lands, and 4 of these wells began producing over the last two weeks. Gross production from the GORR Lands averaged approximately 500 bbl/d of Frobisher light oil in October 2022. Over this time, Anova has successfully drilled numerous horizontal wells on Source Rock's royalty lands and has become one of Source Rock's largest royalty payors. Source Rock has completed several royalty deals with Anova since January 2019. ("Anova"), and Elevation Oil & Gas Limited ("Elevation") is partnered with Anova on the GORR Lands. ![]() ![]() The GORR Lands are operated by Anova Resources Inc. The purchase price was $3.5 million and the transaction has an effective date of October 1, 2022. ("Source Rock") (TSXV: SRR) (TSXV: SRR.WT), a pure-play oil and gas royalty company with an established portfolio of light oil focused royalties in Saskatchewan and Alberta, announces that it has closed the acquisition of a 2% gross overriding royalty (the "GORR") in approximately 6,400 net acres (10 sections) of land in S.E. 28, 2022 /CNW/ - Source Rock Royalties Ltd. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./ĬALGARY, AB, Nov. ![]()
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