Vantage is focused on the acquisition and development of unconventional natural gas projects, predominantly onshore shale gas in North America. Vantage seeks to acquire and develop properties with significant undeveloped potential and apply technical and operating expertise to maximize the value of these resources.
Forest Oil Corp., Denver, has agreed to sell its natural gas properties in the Arkoma basin for aftertax cash proceeds of $185 million. The deal, effective Oct. 1, is expected to close on or before Dec. 15.
Cenovus Energy Inc., Calgary, has received approval from the Alberta Energy Regulator (AER) and the province of Alberta for its wholly owned Telephone Lake thermal oil sands project, 90 km northeast of Fort McMurray in the company’s Borealis Region of northern Alberta.