CALGARY, Dec. 3, 2013 /CNW/ - Black Swan Energy Ltd. today announced
that it has completed a $150 million 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 $501
million, 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.
ABOUT BLACK SWAN
Black Swan Energy Ltd. is backed by leading private equity investors and
is focused on unconventional resource exploration and development. The
Company is headquartered in Calgary, Alberta, Canada and was founded in
SOURCE: Black Swan Energy Ltd.
For further information:
President and Chief Executive Officer
VP Finance and Chief Financial Officer
Black Swan Energy Ltd.
Telephone: (403) 930-4400