Calgary, Canada, March 22, 2016 --(PR.com
)-- Surface Capital seeks to acquire existing oil & gas surface leases in Alberta, Saskatchewan and Manitoba.
With the recent material drop in oil prices, Surface Capital believes that selling surface leases is beneficial for a number of reasons: a sale eliminates 1) the administrative issues of dealing with cash constrained energy companies and 2) the risk of outright lease defaults.
Given the average age of a farmer in western Canada is approximately sixty the question of retirement funding is a topical issue. Selling surface leases as an initial funding mechanism allows farmers to retain underlying land ownership and receive payment today for future lease revenue on a tax advantaged basis. If you are interested in finding out more, please go to www.surfacecap.com.
This news release may contain certain information that is forward looking and, by its nature, such forward-looking information is subject to important risks and uncertainties. The words "anticipate," "expect," "may," "should," "estimate," "project," "outlook," "forecast" or other similar words are used to identify such forward looking information. Those forward-looking statements herein made by Surface Capital, if any, reflect Surface Capital's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those anticipated or predicted in these forward-looking statements, and the differences may be material. Factors which could cause actual results or events to differ materially from current expectations include, among other things: risks associated with the ownership and operation of agricultural and energy assets, including fluctuations in interest rates, rental rates and vacancy rates; general economic conditions; local real estate markets; supply and demand for farmland and energy; the price of agricultural and energy commodities; changes in legislation and the regulatory environment; and international trade and global political conditions. Readers are cautioned not to place undue reliance on any forward-looking information contained in this news release (if any), which is given as of the date it is expressed herein. Surface Capital's undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise.