Sayer Energy Advisors has been engaged to assist Grant Thornton Limited (“Grant Thornton”), in its capacity as trustee in the bankruptcy of Shoreline Energy Corp. (“Shoreline” or the “Company”) with the sale of the non-operated oil and natural gas properties held by Shoreline (the “Properties”).
The Properties are located in the Bonanza and Worsley areas of Alberta as well as in various other areas of Alberta, Saskatchewan and British Columbia. Current estimated production net to the Company is approximately 101 boe/d (600 Mcf/d of natural gas and one barrel of oil per day).
Shoreline holds interests in non-operated properties in the greater Bonanza area, including producing properties in the Elmworth, Smoky Heights, Peoria, Progress, Belloy, Pouce Coupe, Bonanza and Balsamareas as well as properties in the greater Worsley area, including producing properties in the Dixonville, Hines Creek and Worsley areas.
The Company also holds non-operated interests in additional non-producing properties located throughout Alberta and northeastern British Columbia and Saskatchewan.
Summary information relating to this divestiture is attached to this correspondence. More specific information is available at www.sayeradvisors.com. A package of more detailed confidential information will be sent to any party executing a Confidentiality Agreement (copy attached).
Cash offers relating to this divestiture will be accepted until 12:00 pm on Thursday, May 26, 2016.
For further information please feel free to contact: Ben Rye, Tom Pavic, Ryan Ferguson Young, Jill Switzer or myself at 403.266.6133.
Alan W. Tambosso, P.Eng. P.Geol.
SAYER ENERGY ADVISORS
1620, 540 – 5th Avenue SW
Calgary, Alberta T2P 0M2
P: 403.266.6133 C: 403.650.8061 F: 403.266.4467