The company is based in Alberta, Canada and is principally engaged in natural gas and crude oil exploration and production, with a focus on natural gas. Persta commenced operations in March 2005 and is focused on long-term growth through exploration, development, production and acquisition in WCSB. It acquired the first 6,400 net acres of lands in WCSB in January 2007 known as the Alberta Foothills and drilled and commercially produced liquids-rich natural gas from its first deep well in this area in December 2008.
Persta holds in excess of 100,000 net acres of land in the Western Canadian Sedimentary Basin and recently constructed a 40 kilometer pipeline which will be used to bring additional production on stream as well as well as open up significant new drilling opportunities.
Amount: $20.0 million
Type: Term Loan
Head Office: Calgary, Alberta
Date: May 2018