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, 2021.
![[2020.03.19] 10 Project summary.jpg](https://static.wixstatic.com/media/72d3f6_b475b3ccd2704ebbb4fbc8e5a240429c~mv2.jpg/v1/fill/w_741,h_462,al_c,q_80,usm_0.66_1.00_0.01/%5B2020_03_19%5D%2010%20Project%20summary.jpg)