South Korea's Troika Resources, Canada's Bellatrix form oil JV
Bellatrix Exploration, a small Canadian oil and gas explorer, has formed a C$240 million ($231 million) joint venture with the South Korea's Troika Resources Private Equity Fund (TRPEF) - which is managed by KDB Bank, SK Energy and Samchully Asset Management - to develop oil properties in Alberta.
According to a release, TRPEF will contribute C$120 million to the JV via a special purpose vehicle - called TCA Energy - to develop oil and gas properties in the Ferrier-Cardium region of west central...
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