Feb 10 (Reuters) - Seven Generations Energy Ltd VII.TO :
* ARC RESOURCES AND SEVEN GENERATIONS ENERGY ANNOUNCE STRATEGIC MONTNEY COMBINATION
* SEVEN GENERATIONS ENERGY - COMBINATION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE ON FREE FUNDS FLOW, NET ASSET VALUE PER SHARE BASIS TO ALL SHAREHOLDERS
* COS ENTERED INTO DEFINITIVE PACT TO COMBINE IN ALL-SHARE DEAL VALUED AT ABOUT $8.1 BILLION
* SEVEN GENERATIONS- SEVEN GENERATIONS SHAREHOLDERS WILL RECEIVE 1.108 COMMON SHARES OF ARC FOR EACH COMMON SHARE OF SEVEN GENERATIONS HELD
* COMBINED COMPANY WILL BE HEADQUARTERED IN CALGARY, ALBERTA
* TRANSACTION VALUE INCLUSIVE OF NET DEBT
* COMBINED COMPANY IS EXPECTED TO DELIVER AVERAGE DAILY PRODUCTION OF OVER 340,000 BOE PER DAY
* COMBINED CO WILL OPERATE AS ARC RESOURCES LTD. AND REMAIN HEADQUARTERED IN CALGARY, ALBERTA
* SEVEN GENERATIONS ENERGY - BOARD OF DIRECTORS WILL CONSIST OF 11 MEMBERS, MADE UP OF SIX DIRECTORS FROM ARC AND FIVE DIRECTORS FROM SEVEN GENERATIONS
* SEVEN GENERATIONS - AS PART OF ITS RETURNS-FOCUSED VALUE PROPOSITION, COMBINED COMPANY WILL PAY A QUARTERLY DIVIDEND OF $0.06 PER SHARE
* PRELIMINARY PRO FORMA 2021 OUTLOOK ESTIMATES CAPITAL INVESTMENTS OF ABOUT $1.0 BILLION TO $1.1 BILLION
* COMBINED COMPANY IS EXPECTED TO HAVE AN INVESTMENT-GRADE CREDIT RATING
* MANAGEMENT WILL BE LED BY ARC'S TERRY ANDERSON AS PRESIDENT AND CEO
* TRANSACTION IS EXPECTED TO CLOSE IN Q2 OF 2021
* COMBINED COMPANY PLANS TO MANAGE A LOW-COST CAPITAL STRUCTURE WITH AMPLE LIQUIDITY
* SEVEN GENERATIONS - ARC'S HAL KVISLE WILL REMAIN AS INDEPENDENT CHAIR AND SEVEN GENERATIONS' MARTY PROCTOR WILL JOIN BOARD TO SERVE AS VICE-CHAIR
* NET DEBT SEEN TO BE REDUCED TO ABOUT 1.3 TIMES FUNDS FROM OPERATIONS BY YEAR-END 2021 FROM COMBINATION
* SEVEN GENERATIONS-MANAGEMENT WILL LED BY ARC'S KRIS BIBBY AS SENIOR VICE PRESIDENT &CFO, SEVEN GENERATIONS' DAVID HOLT AS SENIOR VICE PRESIDENT, COO
* SEVEN GENERATIONS - ALL FIGURES IN C$