Record Quarterly Results for this Royalty Company

Record Quarterly Results for this Royalty Company

By: Dylan Sikes – News

Tuesday, May 30, 2023

This company, with an established portfolio of light-oil focused royalties in Western Canada has been actively implementing and executing on its business model since 2013 — and just announced record quarterly results.

Pure-play oil and gas royalty company Source Rock Royalties Ltd. (TSXV: SRR) announced record quarterly results for the three months ended March 31, 2023.  Source Rock closed another light oil royalty acquisition late in the first quarter and announced record production volumes driven by a full quarter of contribution from the November 2022 SE Saskatchewan acquisition; and eight new horizontal wells producing on the SE Saskatchewan royalty lands.

Canadian shares were last trading at $0.83.

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