PNG PROJECT

The sales of Petroleum and Natural Gas (PNG) Rights in Alberta dropped 83 % to 146 $/ha in 2016 from 860 $/ha in 2011. Also, total sales area has fallen down 77 % from 4,109,573 ha to 936,775 ha and the total bonus decreased 96% to 137 MM$ from 3,536 MM$. Taking advantage of this low competition environmental, MKS has acquired 79.5 sections (20,352 ha) of PNG rights holding  over 220 HZ drill locations with EUR over 45 MMbbls* in Q1, 2020.