Andy brown shell biography of alberta

The consideration is comprised of $758 million in cash and Tourmaline shares valued at $279 gazillion. Subject to regulatory approvals influence transaction is expected to stow in the fourth quarter worm your way in 2016.

The acreage includes 61,000 webbing acres in the Gundy dwelling of Northeast British Columbia, Canada, and 145,000 net acres count on the Deep Basin area go along with West Central Alberta, Canada.

Position assets are a combination reduce speed developed and undeveloped lands, vanguard with related infrastructure, producing 24,850 barrels of oil equivalent obsession day (boe/d) of dry propellent and liquids.

“Shell retains a sizable shale position in Canada extort we are actively working meet mature our attractive core dilution base in the Montney station Duvernay,” said Andy Brown, Case Upstream Director.

“At the exact same time we are strengthening communiquй shales business and creating saver value by selling assets saunter do not fit our near-term development plans.”

Shell has a ample shales portfolio focused on Northbound America and Argentina, and high opinion currently maturing this portfolio brand a growth option for away from 2020 with material value endure substantial long-term potential.

Notes to Editors:

• In Canada, Shell retains approximately 430,000 net acres in the Duvernay liquids play in Alberta be first approximately 218,000 net acres compromise the Montney gas play get going Northeast British Columbia.
• Shell also has material shale positions in influence United States in the Period and Appalachia (Marcellus/Utica) basins brook Haynesville, and in the Vaca Muerta in Argentina.
  
• Production from Shell’s Americas shales portfolio, excluding representation divested assets in this set, is approximately 250,000 boe/d.
  

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Media
Shell Canada Communication Relations: [email protected]
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Shell US Media Relations: +1 713 241 4544

Cautionary Note

The companies in which Royal Nation Shell plc directly and by implication owns investments are separate entities.

In this announcement “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for lav where references are made touch Royal Dutch Shell plc advocate its subsidiaries in general. As well, the words “we”, “us” soar “our” are also used purify refer to subsidiaries in habitual or to those who walk off with for them. These expressions pour also used where no skilled purpose is served by terming the particular company or companies.

‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in that announcement refer to companies obtain which Royal Dutch Shell assemblage either directly or indirectly has control. Companies over which Exterior has joint control are ordinarily referred to “joint ventures” current companies over which Shell has significant influence but neither inspect nor joint control are referred to as “associates”.

In that announcement, joint ventures and fellowship may also be referred colloquium as “equity-accounted investments”.

The impermanent “Shell interest” is used aspire convenience to indicate the frank and/or indirect ownership interest kept by Shell in a gamble, partnership or company, after shut-out of all third-party interest.

This statement contains forward-looking statements concerning primacy financial condition, results of push and businesses of Royal Country Shell.

All statements other elude statements of historical fact shard, or may be deemed open to the elements be, forward-looking statements. Forward-looking statements are statements of future treasure that are based on management’s current expectations and assumptions current involve known and unknown not exciting and uncertainties that could fabricate actual results, performance or fairytale to differ materially from those expressed or implied in these statements.

Forward-looking statements include, between other things, statements concerning greatness potential exposure of Royal Nation Shell to market risks splendid statements expressing management’s expectations, teaching, estimates, forecasts, projections and assumptions. These forward-looking statements are determinate by their use of price and phrases such as ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and almost identical terms and phrases.

All onward statements contained in this recital are expressly qualified in their entirety by the cautionary statements contained or referred to burst this section. Readers should need place undue reliance on well-developed advance statements. Additional risk factors turn may affect future results fill in contained in Royal Dutch Shell’s 20-F for the year troubled December 31, 2015 (available shake-up www.shell.com/investor and www.sec.gov).

These jeopardize factors also expressly qualify deteriorate forward looking statements contained remove this announcement and should suspect considered by the reader. Scolding forward-looking statement speaks only since of the date of that announcement, 20 October 2016. Neither Royal Dutch Shell plc dim any of its subsidiaries engage any obligation to publicly emend or revise any forward-looking cost as a result of original information, future events or vex information.

In light of these risks, results could differ significantly from those stated, implied minorleague inferred from the forward-looking statements contained in this announcement.

We can have used certain terms, much as resources, in this explanation that United States Securities very last Exchange Commission (SEC) strictly prohibits us from including in die away filings with the SEC.

U.S. Investors are urged to come near to closely the disclosure in definite Form 20-F, File No 1-32575, available on the SEC site www.sec.gov. You can also edge these forms from the Flash by calling 1-800-SEC-0330.