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Seven Generations To Expand Kakwa River Project With Agreement To Acquire Neighbouring Montney Assets For About $1.9 Billion

Seven Generations Energy Ltd. has reached an agreement that will significantly expand its ownership in the prolific and low-supply-cost Montney Nest liquids-rich natural gas play with the acquisition of about 30,000 bbls of oil equivalent of daily production, 155 net sections of Montney land and 199 million boe in proved reserves from Paramount Resources Ltd. for approximately $1.9 billion in total consideration consisting of cash, 7G shares and the assumption of a portion of Paramount's debt.

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