Sayer Energy Advisors has been engaged to assist Sphere Energy Corp. (“Sphere” or the “Company”) and its partners with the marketing of its Duvernay rights in the Waskahigan/Kaybob area of the Kaybob Basin of northwestern Alberta (the “Property”).
Sphere holds a 100% working interest in a total of 24.5 sections of mainly contiguous unencumbered land with Duvernay rights at Waskahigan. In addition, there are at least 11 offsetting sections of prospective Duvernay rights that are known to Sphere to be available through Crown purchase or through purchase from an offsetting interest owner in the Waskahigan area. Also included in this offering is an additional 1.75 sections of land in the Kaybob and Kaybob South areas.
It is Sphere’s belief that this is one of the last sizeable blocks of undeveloped Duvernay rights that will be made available to industry in the main liquids-rich “sweet spot” of the Duvernay trend.
Sphere has a detailed presentation on the technical aspects of the Duvernay prospect. The Company would be pleased to share its knowledge of the Duvernay potential of the Property with any party that executes a Confidentiality Agreement.
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).
Proposals relating to this divestiture will be accepted until 12:00 pm on Thursday, July 21, 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