/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE
SERVICES OR DISSEMINATION IN THE U.S./
CALGARY,
AB, Oct. 14, 2022 /CNW/ - Source Rock
Royalties Ltd. ("Source Rock") (TSXV: SRR) (TSXV: SRR.WT), a pure
play oil and gas royalty company with an established portfolio of
light oil focused royalties in Saskatchewan and Alberta, announces that Mr. Brody Loster has resigned as a director. Mr.
Loster will continue to provide geological consulting services to
Source Rock.
Mr. Loster has been a director of Source Rock since 2013. Source
Rock is very grateful for Mr. Loster's lengthy commitment to the
company and looks forward to continuing to benefit from his
expertise through the provision of geological services to assist
with evaluating royalty acquisition opportunities. Mr. Loster is a
Professional Geologist with more than 15 years of experience
focused on several oil fairways in Saskatchewan and Alberta. Mr. Loster previously held various
roles with Baytex Energy Corp. (TSX: BTE), Raging River Exploration
Inc. and Wildstream Exploration Inc.
About Source Rock Royalties
Ltd.
Source Rock is a pure-play oil and gas royalty company with an
existing, light oil focused portfolio of royalty interests
concentrated in southeast Saskatchewan, east-central Alberta, west-central Alberta and west-central Saskatchewan. Source Rock targets a balanced
growth and yield business model, using funds from operations to
pursue accretive royalty acquisitions and to pay dividends. By
leveraging its niche industry relationships, Source Rock identifies
and acquires both existing royalty interests and newly created
royalties through collaboration with industry partners. Source
Rock's strategy is premised on maintaining a low-cost corporate
structure and achieving a sustainable and scalable business,
measured by growing funds from operations per share and maintaining
a strong netback on its royalty production.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy of
this release.
SOURCE Source Rock Royalties Ltd.