Calgary's Rifle Shot Oil secures investment from ARC Financial
Rifle Shot Oil Corp, a Calgary company focused on acquiring and developing conventional oil reservoirs, has secured initial financing from Canadian private equity firm ARC Financial Corp. The investment's value was not disclosed. Rifle Shot, which was founded by president and CEO Bruce Hall, said it is looking to deploy approximately $100 million of equity and purchase quality assets. It is currently evaluating numerous asset sales, farm-in opportunities and joint ventures. Last October, ARC led a $100 million investment in Deltastream Energy Corp.
8 January 2015•2 mins read
