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 58.5 sections (14,975 ha) of PNG rights holding 166 HZ locations with EUR of 26 MMbbls by Q2 2019 and also, focusing on acquiring additional 50 sections of PNG Rights in Alberta. 

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