Rising Star Resources Ltd. ("Rising Star" or the "Company"), founded in 2016, is a privately held Calgary based oil and gas company with a suite of elite operated, high netback, Charlie Lake and Montney light oil assets that are located in the Peace River Arch area of Alberta.
The Rising Star Assets provide a high quality, light oil focused growth opportunity with over 400 million barrels (net) of original oil in place ("OOIP") with a relatively low recovery factor. Rising Star has a drilling inventory of over 150 (net) locations and exciting waterflood upside. The Company owns and controls key producing infrastructure for all of its light oil and natural gas producing assets.
Rising Star has extensive infrastructure and a large concentrated land position of approximately 238,000 gross acres (82% working interest).
The Company has a proven management team, elite, high growth, light oil assets and an excellent balance sheet with no debt.