In exchange for the blocks, the company traded its oil and gas asset in the Fir area as well as 10.3 million Cequence shares.

The transaction closed after the plan of arrangement, announced in February, was approved by 99.85% of Donnybrook shareholders at a meeting on Monday.

The Donnybrook assets comprise 16.5 net sections of Montney rights at Simonette and 2.7 net sections of Montney land at Resthaven, with a total current production of about 120 barrels of oil equivalent per day.

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