Eagle owns stable, primarily oil producing properties with development and exploitation potential in Canada and the United States. Eagle operates both of its major assets.
Eagle focuses its acquisition efforts in Canada and the United States on high quality producing properties with proven reserves and additional development potential. Eagle currently owns properties in Alberta, and in Hardeman and Palo Pinto counties in Texas. Eagle does not generally participate in exploration activities.
Each of the directors and members of the management team has 15 to 35 years of experience in the petroleum industry. In addition, management has extensive experience acquiring and developing oil and gas assets in Canada and in the U.S.
Eagle's shares trade on the Toronto Stock Exchange under the symbol “EGL”.
Eagle targets assets that have the following characteristics:
Reserves and Risk Level - Producing reserves with low risk exploitation and development potential.
Sustainable - Production with low sustaining capital requirements.
Operations - Eagle currently operates all of its properties and targets assets for acquisition which it can operate.
Commodity Balance - Eagle's properties have significant positive torque to oil price increases.