CANUC RESOURCES CORPORATION
Headquartered in Toronto, Canuc Resources Corporation is a junior mining exploration company focusing on exploring and developing its assets in the Americaโs. In July 2011, Canuc acquired MidTex Oil and Gas Corporation which owned a producing gas well and a lease on 320 acres in Stephens County Texas. The acquisition of MidTex, although outside of Canucโs main area of business, was completed for strategic purposes, as a means of providing the company with cash flow in order to continue to d... evelop its primary assets. Since its acquisition, the Midtex assets have expanded to include a 20% working interest (16% net revenue interest) in the 1,000 acre Thompson Lease and more recently, a 15% working interest (12% net revenue ) interest in the 3,000 acre Walker Buckler lease located in Shackleford County Texas. top online casinos bonuses for uk players toponlinecasinobonus.co.uk uk online casino bonus at first deposit At present, the Company has gas production from 1 well on the original Midtex lease, 6 wells on the Thompson, and more recently, 2 wells on the Walker Buckler. All leases benefit from the presence of low pressure gas pipelines which makes the gas immediately saleable without excessive transportation charges. Condensates within the gas also allow Canuc to sell the gas at a premium to market. Home About Investors
CANUC RESOURCES CORPORATION
Social Links:
Industry:
Energy Mining Oil And Gas
Address:
Toronto, Ontario, Canada
Country:
Canada
Website Url:
http://www.canucresources.ca
Total Employee:
11+
Status:
Active
Contact:
(416)867-1300
Email Addresses:
[email protected]
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Stock Details
Acquisitions List
Date | Company | Article | Price |
---|---|---|---|
2011-03-04 | Midtex Oil & Gas | Midtex Oil & Gas acquired by Canuc Resources Corporation | 740 K USD |
Official Site Inspections
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- Location: United States
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