Canbriam plans North American exploration

March 3, 2008
Canbriam Energy Inc., Calgary, arranged $300 million (US) in financing to pursue acquisition, exploration, and development onshore in Canada and the US.

By OGJ editors
HOUSTON, Mar. 3 -- Canbriam Energy Inc., Calgary, arranged $300 million (US) in financing to pursue acquisition, exploration, and development onshore in Canada and the US.

The company will initially focus on unconventional opportunities in western Alberta and eastern British Columbia.

Paul Myers, Canbriam's president and chief executive officer, is the former chief executive officer of Esprit Energy Trust. His chief financial officer, Stephen Soules, was CFO of Esprit and Canadian Hunter Exploration Ltd.