Petrocapita Income Trust
Petrocapita Income Trust is a Specified Investment Flow Through trust developing and acquiring heavy oil production and infrastructure assets largely in the Lloydminster area of east central Alberta and west central Saskatchewan through its wholly owned subsidiary, Petrocapita Oil and Gas LP. It owns and operates 432 gross (409.7 net) oil wells, 89 gross (20 net) gas wells, 30 gross (29.2 net) approved produced water disposal wells, 19 produced water disposal facilities, 3 custom oil processing facilities, 2 natural gas compressor stations, 75.21 km of pipelines, oil well service rigs, fluid haul tractors and trailers, motor graders and well site processing equipment. It is seeking accretive opportunities to acquire both oil and gas production and complimentary midstream assets during a cyclical low in oil and gas markets.
Petrocapita Income Trust (PCE.UN)
August 30, 2017
Petrocapita Income Trust has announced a consolidation of its Common Trust Units on the basis of one (1) post-consolidation Common Trust Unit for each one hundred (100) existing Common Trust Units. No fractional Common Trust Units will be issued and any fractional units will be rounded up to the nearest whole number.
As a result, the outstanding Common Trust Units of the company will be reduced to approximately 11,097,320.