Winnipeg, Manitoba (FSCwire) - Bird River Resources Inc. (CSE: BDR) (the “Company”) today announced that its Calgary-based subsidiary High Point Oil Inc. (“High Point”) has entered into a Strategic Alliance Agreement (“Agreement”) with “DEL Canada Partnership” a private, Calgary-based oil and gas company.
DEL Canada Partnership will participate in the Company’s inaugural drilling program scheduled to begin this coming week. Under the terms of the Agreement, DEL Canada Partnership will pay 50% of all associated capital costs through to equipping to earn a 40% working interest in each well drilled on High Point generated prospects. The Agreement is elective on a well-by-well basis.
“We are delighted to have this Strategic Alliance in place with DEL Canada”, stated Ty Pfeifer, High Point CEO and Director of Bird River. “This Agreement validates the value of our land positions while accelerating and expanding High Point’s Spring drilling program.”
About Bird River Resources Inc.
Established in 1958, Bird River Resources (CSE: BDR) is a Canadian natural resources company focused on three verticals within the energy sector – Oil & Gas, Cogeneration and Technology. The Oil & Gas vertical was recently expanded through the acquisition of High Point Oil and focuses on the acquisition, exploration and development of petroleum and natural gas in the Western Canadian Basin. The cogeneration vertical is a joint venture with Divestco Inc. focused on the conversion of natural gas to electricity at exceptionally low rates. The Technology vertical focuses on the application of technologies such as blockchain to identified opportunities within the energy and technology sectors, including the establishment of a leading, ultra low-cost cryptocurrency mining centre through a partnership with Divestco. For more information, visit birdriverresources.com, highpointoil.net and divestco.com.
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Bird River Resources Inc. (birdriverresources.com)
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Source: Bird River Resources Inc. (CSE:BDR)
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