- Alpine Summit Energy Partners ( OTCQX:ASEPF ) has announced the successful repayment and reversion of the 4th development partnership, along with the concurrent closing of its 6th development partnership.
- DP4 funded the drilling and completion of a total of five wells and comprised a total capital program of ~$35.2M, with 60% funded by external partners.
- DP6 has an expanded capital program of ~$56.9M and is expected to continue to develop assets within the Company's existing operational footprint.
- "We are pleased with the strong DP4 results which we expect to begin contributing to economic performance during Q3 2022. Our operating and business momentum continues to be strong." said Alpine Summit's CEO, Craig Perry.
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Alpine Summit Energy Partners announces repayment of fourth development partnership