Cyries Energy Inc. Overview |
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Location
500 Fourth Avenue S W - 3200Calgary, AB T2P 2V6
Canada
Cyries Energy Inc. Overview
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Cyries Energy Inc. Summary
Cyries Energy is an exploration-focused company that was created as a result of the corporate reorganization of Cequel Energy and Progress Energy. The company's assets are focused in the Deep Basin and Peace River Arch areas of northwest Alberta. The company's management team is comprised of the same team responsible for the success of Cequel Energy, a separate entity. The company is focused on gas with approximately 75 percent of its production being natural gas. Cyries possesses a substantial land base in its core areas, with more than 30 drill-ready prospects. The company owns substantial amounts of land near the Albertan towns of Jayar, Bilbo and Economy Creek. The company has the right to farm-in on select lands previously controlled by Cequel Energy. Within the two core areas, the company strikes a strong balance sheet that enables the company to aggressively pursue drilling and acquisition opportunities.