Following the March 1997 takeover of Cube Energy Corp. (hereinafter referred to as “Cube”) by Barrington Petroleum Ltd., some members of Cube’s management team and certain joint venture investors of Cube formed a private joint venture management company, Sphere Energy Corp., to facilitate investment in oil and natural gas exploration, development and production.
In 2016 Sphere and the conventional assets of the joint venture companies that it managed were acquired by Alder Ridge Resources Ltd. At that time Alder’s name was changed to Sphere Energy Corp. and a private $10,000,000 financing was completed. The Company has no debt.
Sphere was originally incorporated under the laws of the Province of Alberta by Articles of Incorporation dated December 9, 1996. Sphere’s principle office is located at Suite 750, 815 – 8 Avenue S.W., Calgary, Alberta T2P 3P2 which is also Sphere’s registered office.