PE-backed Cequence Energy completes disposition of Ansell assets

Cequence Energy Ltd (TSX: CQE) recently completed the disposition of its entire interest in non-operated assets located in Alberta's Ansell area. The assets, consisting of 8,800 net acres of land, 1,600 barrels of oil equivalent per day of current production, and a 49 percent working interest in the field infrastructure, brought the company $141 million. The proceeds will be used to accelerate growth at Cequence's Simonette property in the Deep Basin of Alberta. The Calgary-based company is a portfolio investment of Canadian private equity firms ARC Financial Corp, JOG Capital and KERN Partners.

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