Invico Diversified Income Fund ("IDIF") is pleased to announce the successful $6.5 million acquisition of non-operated oil-weighted production in the Pembina area of Alberta. The acquisition was executed through Invico Energy, IDIF's subsidiary energy company, and furthers the Fund's mandate to acquire top-quality, non-operated producing assets in Alberta and Saskatchewan. The transaction, which is 65% liquids-weighted, is a solid addition to Invico Energy's existing Alberta position and adds 200 boe/d of production.
“This deal is complementary to our current base of working interest assets with high-quality operators,” said Jason Brooks, CFA, President of Invico Capital Corporation and Portfolio Manager of IDIF. “The transaction will capture the high pricing in place over the last two months of the first quarter with a February 1st effective date. The mature base of low decline oil-weighted assets is expected to be immediately accretive to unitholder yield and net asset values. I want to personally thank the energy acquisition team of Curt Labelle, Sara Pettigrew, and Bruce Cameron for getting this deal across the finish line.”
Over the past twelve months, Invico has executed a highly successful expansion of its energy working interest and royalty business, which has more than quadrupled production since 2020 through organic growth and acquisitions to approximately 2,400 boe/d.