Energy Funders acquired a 5% stake in Joffre Oil and Gas Property in Alberta from Paleo Resources, Inc. (TSXV:PRE) for $0.4 million on December 1, 2021. Proceeds from the Joffre Sale will be used for general corporate purposes and to complete the installation of the Joffre lease production facilities, including gas flare, flare knock out, safety systems and artificial lift installation on both the Joffre 103/9-22 and 1D0/15-22 wells.

Energy Funders completed the acquisition of a 5% stake in Joffre Oil and Gas Property in Alberta from Paleo Resources, Inc. (TSXV:PRE) on December 1, 2021.