IDIF Closes $1.4 Million Non-Operated Working and Interest Royalty Deal

Invico News

IDIF Closes $1.4 Million Non-Operated Working & Interest Royalty Deal
5/4/2021

Invico Diversified Income Fund ("IDIF") is pleased to announce the successful close of a $1.4 million non-operated working and royalty interest deal in the Deep Basin region of Alberta. The acquisition was executed through Pele Energy, IDIF’s subsidiary energy company, in partnership with a high-quality operator and furthers the organization’s mandate to acquire top-quality non-operated producing assets in Alberta and Saskatchewan. The transaction, which is 88% gas-weighted, is a solid addition to Pele’s existing Deep Basin position and is expected to add 190 boe/d of production in 2021.