Avila Energy Sells Non-Core Alberta Assets

Petro Viking Energy (TSE:VIK) has released an update.

Avila Energy Corporation has divested a 90% working interest in its non-core assets in Alberta, which includes two wells and associated facilities, for $300,000 plus additional considerations. This move is part of the company’s larger strategy of recapitalization and focusing on its core business, with the assets sold having produced an average of 19.7 barrels of heavy crude oil per day in 2022 before they were shut-in.

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