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Seven Generations Energy (T:VII) has notable insider net $ selling

Chart shows all insider (exclusing issuers) public market transactions of directly and indirectly held equity securities as reported in SEDI
Published Tuesday Sep 01, 2015 12:00 AM EDT
Kent Jespersen, a Director, acquired 55,000 Common Shares Class A on a direct ownership basis at a price of $2.500 through an exercise of options on August 31st, 2015. The insider also disposed 55,000 Common Shares Class A on a direct ownership basis at a price of $13.780 through the public market on August 31st, 2015. This represents a $620,400 net divestment of the company's shares and an account share holdings change of 0%.

Seven Generations Energy Ltd. is a Canada-based petroleum company. The Company is engaged in the acquisition and development of tight and shale hydrocarbon resource. The Company is focused on the development of its Kakwa River Project. The Kakwa River Project is a tight, liquids-rich natural gas property, which is in the early stages of development. The Kakwa River Project is located approximately 100 kilometers, covering approximately 350,000 net acres in the Kakwa area of northwest Alberta. The Company also controls approximately 330,000 net acres of Montney land. The Company has produced approximately 35,820 barrels of oil equivalent per day (boe/d). The Company's oil and natural gas liquids volumes includes 12,580 barrels per day (bbls/d) of oil and condensate, and 8,289 bbls/d of natural gas liquids, such as propane, butane, pentane and ethane.

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