Bonavista Energy Corporation (“Bonavista”) has retained CB Securities Inc. (“CB Securities”) as its exclusive advisor for the sale of their Kaybob property. Highlights1,532 BOE/day of net production based on March 2019 field sales estimates490 Bbls/day of light oil and condensate5.7 MMcf/day of sales gas85 Bbls/day of propane and butane76 (44.6 net) producing wells87% of production from the Cardium, Montney, and Bluesky/GethingApproximately half of the production is operated by Bonavista3.50 LMR [Read more]
Harvest Operations Corp. has retained CB Securities Inc. as its exclusive advisor for the sale of the assets presented in this Offering
Total Offering Highlights: 6,200 BOE/day available in 17 properties $17 million of annualized 2018 cash flow Considerable upside identified as well as opportunities for production and operating cost improvement These properties are not core to Harvest, so have not attracted either capital or human resources Additional detailed information can be found on our website at www.cbsecurities.com/harvest Interested parties wishing to participate in this Offering are requested to [Read more]
Prosper Petroleum Ltd – Meota Lake heavy oil property sale
Prosper Petroleum Ltd. has retained CB Securities Inc. as its exclusive advisor for the sale of the Meota Lake heavy oil property. Highlights 81% to 100% working interest in 3,200 contiguous acres Large heavy oil OOIP of ~118 MMBbls on interest lands It is only recently that the technology to produce this heavy oil has been utilized in the Lloydminster heavy oil area Prosper commenced development in the area in 2011 with horizontals Learning curve for Prosper, but Serafina [Read more]
Pond Technologies Holdings Inc. and Grizzly Resources Ltd.: 2018 Pembina Nisku Light Oil Property Offering
Pond Technologies Holdings Inc. and Grizzly Resources Ltd. have retained CB Securities Inc. as their exclusive advisor for the sale of their working interests in the Pembina Nisku oil property. Opportunity Summary Original oil-in-place is 7.4 MMBbls plus a significant gas cap Well-delineated Nisku pool defined by existing wells and 3D seismic High porosity (>10%), high permeability (800 mD), high productivity Produce oil under waterflood until ~95% watercut, then blow down [Read more]
Trident Exploration Corp.: 2018 Riviere Oil Property Offering
Trident Exploration Corp. has retained CB Securities Inc. as its exclusive advisor for the sale of its Riviere oil property. Opportunity Summary Production is currently 160 BOE/day, consisting of 90 Bbls/day of 27.5° API oil, 295 Mcf/day of sales gas, and 22 Bbls/day of natural gas liquids Oil price received is based on light sweet oil pricing less $9.35/Bbl $20/BOE operating costs and 12.6% royalties $845 Thousand Estimated 2018 Net Operating Income at $74.09/Bbl (US$61.67/Bbl) [Read more]
Gear Energy Ltd.: 2017 Property Offering
Gear Energy Ltd. has retained CB Securities Inc. as its exclusive advisor for this sale. Vermilion Property Current production is 127 Bbls/day, of which 87% is from five (5) 100% working interest wells Operating Results for 7 months in 2017 $44.25/Bbl average price received ($4.80 less than WCS average) 144 Bbls/day average oil rate 4.8% royalties $29.50/Bbl operating costs Wet spring resulted in higher May/June 2017 costs $23.45/Bbl is expected going forward [Read more]
Property Offering: Glencoe Resources Ltd., in Receivership
Hardie & Kelly Inc., in its capacity as Court appointed Receiver of Glencoe Resources Ltd., has retained CB Securities Inc. as its advisor for the sale of Glencoe’s oil and gas properties. All of Glencoe’s properties were evaluated by Sproule Associates Limited effective April 30, 2017. Chigwell Viking Units 230 Bbls/day of currently curtailed light oil production Significant identified phased Viking development projects 3 separate medium scale sized projects at $7.3, [Read more]
Paramount Resources Ltd. Property Offering
Paramount Resources Ltd. has retained CB Securities Inc. as its exclusive advisor for the sale of several of its non-core properties with total current production of ~800 BOE/day. Non-Binding Bids are due by March 22, 2017. Mirage/Saddle Hills Current net production is 264 BOE/day from 25.3 net (33 gross) wells Additional revenues generated from 11 producing Spirit River Charlie Lake royalty interest wells Paramount holds an average 64% working interest in 101.5 sections of land [Read more]
Grizzly Resources Ltd. 2016 Pembina Nisku Oil Property Offering
Grizzly Resources Ltd. has retained CB Securities Inc. as its exclusive advisor for the sale of its Pembina Nisku oil property. This is an invitation to submit a Non-Binding Bid by December 8, 2016. Opportunity Summary Original oil-in-place is 8.2 MMBbls plus a significant gas cap Well-delineated Nisku pool defined by existing wells and 3D seismic High porosity (>10%), high permeability (800 mD), high productivity Produce oil under waterflood until ~95% watercut, then blow [Read more]
Shaman Energy Corporation Oil & Gas Property Offering
Shaman Energy Corporation has retained CB Securities Inc. as its exclusive advisor for the sale of all its properties. This is an invitation to submit a Non-Binding Bid by November 30, 2016. Sundance Gas Property (54-22 W5M) ~3.8 MMcf/day current net sales gas production ~20 Bbls/day current net condensate production ~$2.28 million of next 12 months net cash flow at $2.75Cdn/GJ AECO gas and $50US/Bbl condensate 12.65 net producing wells (23.7% average non-operated working [Read more]