Black Swan Energy secures USD150m equity investment
Black Swan Energy has completed a USD150m increase in the equity capital commitments from its existing shareholders which include Warburg Pincus, Canada Pension Plan Investment Board and KERN Partners.
This brings the total capital commitment from its shareholders to USD501m, with the new capital being used to fully fund the appraisal and early development of its current properties.
Black Swan is focused on its growing base of liquids-rich production in the Montney play in British Columbia and the Duvernay play in Alberta. The additional capital will support further drilling in both plays.
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