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Altima Resources ( (TSE:ARH) ) has shared an announcement.
Altima Energy Inc. has acquired Crown Petroleum and Natural Gas lease tracts near its Richdale production area in Eastern Alberta, enhancing its operational capabilities and strengthening its position in Alberta’s conventional light oil sector. The acquisition includes key infrastructure and producing wells, allowing Altima to optimize production through a workover program, which has successfully returned five wells to production and is converting a sixth for water injection to improve reservoir management, supporting Altima’s strategic focus on sustainable growth and cost-efficient operations.
More about Altima Resources
Altima Energy Inc. is a Vancouver-based oil and gas exploration and production company focused on exploiting hydrocarbon assets across North America. Leveraging advanced technology and industry expertise, the company is committed to efficient resource development and sustainable growth with an emphasis on long-term shareholder value and disciplined asset management.
YTD Price Performance: 86.67%
Average Trading Volume: 64,155
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$15.95M
See more insights into ARH stock on TipRanks’ Stock Analysis page.
