Granite Oil Corp. is a dividend-paying, junior oil producer based in Calgary, Alberta, that owns and operates a large, recently discovered Alberta Bakken oil pool in southern Alberta
Granite was founded in May 2015 through a Plan of Arrangement that divided DeeThree Exploration Ltd. into two pure-play companies, Granite Oil Corp. and Boulder Energy Ltd. The plan was approved by a vote of shareholders on May 14, 2015, and each new company began trading on the TSX on May 21, 2015.
The nature of Granite’s producing asset has resulted in a business model that emphasizes:
Granite’s 100-percent working interest Alberta Bakken pool at Ferguson has been substantially de-risked. The property includes complete company-operated infrastructure to produce and market oil and reinject gas for enhanced oil recovery.
Granite benefits from experienced, technically able and proven leadership. This includes the same Board of Directors and many of the same senior managers who discovered, delineated and grew the Alberta Bakken play at Ferguson.
31.2 MM Shares OS
Top Tier Operator
2P Reserves 18.65 MBOE
5.9 Recycle Ratio