LOCATION: AB / MB / SK / QC / CANADA ARCTIC
ROYALTY: 15-18% AND WI: 3-15%
In addition to its producing assets in Western Canada, Franco-Nevada has exposure to a portfolio of undeveloped, non-producing oil & gas interests. These are grouped into 19 different assets covering an area of over 1,348 km2 and are located in Alberta, Saskatchewan and Manitoba. Much of the interests consist of mineral title which is currently unleased.
Apart from Western Canada, Franco-Nevada also has interests in Quebec and in the Canadian Arctic. In Quebec, Franco-Nevada holds a 47% working interest in approximately 372 km2 of undeveloped land which provides exposure to the Utica Shale in the St. Lawrence basin. In the Canadian Arctic, Franco-Nevada has, net to Franco-Nevada, 428 Bcf of contingent dry natural gas resource in the Drake Point, Hecla, King Christian and Roche Point gas fields located on and offshore Melville Island. This represents working interests of between 3% and 15% in these gas fields. The stated resources are an estimate of the recoverable contingent resources as evaluated by GLJ as at December 31, 2012.