Altima Energy Expands Operations in Richdale Area with Strategic Acquisition

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

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