Founded in 2010, Eagle is an oil and gas energy corporation created to provide investors with a sustainable business while delivering stable production and overall growth through accretive acquisitions.
Eagle's strategy is to acquire and exploit conventional long-life hydrocarbon reserves in established production basins in North America. Eagle predominantly owns producing properties with development and exploitation potential.
Eagle focuses its acquisition efforts in Canada and the United States on high quality producing properties with proven reserves and additional development potential. Eagle currently owns properties in Alberta, and in Caldwell, Hardeman and Palo Pinto counties in Texas. Eagle does not generally participate in exploration activities.
Each of the directors and members of the management team has 15 to 35 years of experience in the petroleum industry. In addition, management has extensive experience acquiring and developing oil and gas assets in Canada and in the U.S.
Eagle's shares trade on the Toronto Stock Exchange under the symbol “EGL”.
Eagle targets assets that have the following characteristics:
Reserves and Risk Level - Producing reserves with low risk exploitation and development potential.
Sustainable - Production with low sustaining capital requirements.
Location - Properties located in the established petroleum producing midcontinent region of the U.S. and the provinces of Alberta and Saskatchewan in Canada. These areas have conventional assets with long-life production profiles, unexploited low-risk upside, access to infrastructure and favorable operating costs. Investment opportunities in other areas may be assessed from time to time if those opportunities meet Eagle's investment criteria.
Operations - Eagle currently operates all of its properties (with the exception of its Dixonville asset in Alberta) and targets assets for acquisition which it can operate.
Commodity Balance - Over the long term, Eagle intends to hold a balanced portfolio of petroleum producing properties.