Oil, Gas and Consumable Fuels
Company Overview of Seven Generations Energy Ltd.
Seven Generations Energy Ltd., an independent petroleum company, focuses on the acquisition, exploration, development, and production of oil and natural gas in western Canada. The company holds interests in the Kakwa River project, a natural gas property covering 425,000 net acres located in the Kakwa area of northwest Alberta. As of December 31, 2014, it had gross proved plus probable reserves of 788.6 million barrels of oil equivalent. The company was incorporated in 2001 and is headquartered in Calgary, Canada.
140 - 8th Avenue SW
Calgary, AB T2P 1B3
Founded in 2001
Key Executives for Seven Generations Energy Ltd.
Chief Executive Officer and Director
Total Annual Compensation: $325.0K
President and Chief Operating Officer
Total Annual Compensation: $212.6K
Chief Financial Officer
Total Annual Compensation: $238.8K
Senior Vice President
Total Annual Compensation: $251.3K
Vice President of Development
Total Annual Compensation: $185.5K
Compensation as of Fiscal Year 2014.
Seven Generations Energy Ltd. Key Developments
Seven Generations Energy Prices USD 425 Million Senior Notes At 6.75%
Apr 22 15
Seven Generations Energy Ltd. has priced USD 425 million aggregate principal amount of senior notes due 2023 at 6.75%, offered in a private placement to eligible purchasers. Due to strong market demand and attractive market conditions, 7G increased the size of the offering by USD 25 million to USD 425 million. The company expects to close the offering on or about April 30, 2015, subject to the satisfaction of customary closing conditions.
Seven Generations Energy Ltd. Proposes a Private Placement of USD 400 Million Senior Notes Due 2023
Apr 22 15
Seven Generations Energy Ltd. is proposing a private placement of USD 400 million senior notes due 2023. Certain terms of the Notes, including the interest rate payable, will depend on market conditions at the time of pricing. 7G intends to use the net proceeds of the Offering for continued development of the Kakwa River Project and for general corporate purposes.
Seven Generations Energy Ltd. Provides Capital Investment Guidance for the First Quarter and Full Year of 2015
Apr 22 15
Seven Generations Energy Ltd. provided capital investment guidance for the first quarter and full year of 2015. For the first quarter of 2015, the company capital investments are expected to be within a range of $360 million to $380 million.
For 2015, the company expects total 2015 capital investments to be within the previously announced range of $1.30 billion to $1.35 billion, with higher spending anticipated in the first and fourth quarters due to higher levels of activity and seasonality.
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