Source Rock Royalties closes acquisition of a 5% royalty on light oil in Central Alberta

–News Direct–

Source Rock Royalties CEO Brad Docherty joined Steve Darling from Proactive to share news the company has announced the closing of a 5% gross overriding royalty on three light oil properties in Central Alberta.

Docherty tells Proactive the GORR Lands are currently operated by a private company with oil production of 420 bbl/d of low-decline light oil in January 2023.

Docherty also shared with Proactive more about the company’s portfolio and also its strategy to scale the business.

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Proactive Investors

+1 604-688-8158

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View source version on newsdirect.com: https://newsdirect.com/news/source-rock-royalties-closes-acquisition-of-a-5-royalty-on-light-oil-in-central-alberta-152933368