ARC Financial invests in Primavera Resources

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By Ted Liu

Primavera Resources Corp., a private E&P company, has announced the acquisition of 18,400 net acres of Montney rights located in the Goose area of NE BC.

Concurrent with the acquisition, Primavera has closed an equity financing by ARC Financial Corp. that will support a strategy to delineate and develop the full potential of this high quality asset.

Founded in 2016, Primavera Resources is a private company focused on capturing and developing high quality, liquids rich, multi-layer Montney assets.

Led by Dan O’Byrne (CEO), Primavera Resources management team includes Andrew Wiacek (President), Karen Nielsen (COO), Paul McDougall (CFO), Floyd Siegle (VP Engineering), Scott Leroux (VP Exploration), and Craig Haavardsrud (VP Business Development and Land).

“ARC Financial has been extremely supportive of our strategy to acquire high quality, liquids rich Montney assets,” said O’Byrne said. “The land that Primavera purchased today includes enough drilling locations and running room to launch an exciting new growth story in the Canadian oil and gas industry.”

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