Quattro Exploration and Production Ltd.,(Quattro) has engaged NRG Divestitures to assist in the marketing and sale of its assets in British Columbia, Alberta and Saskatchewan. Quattro is a profit driven, low cost, conventional oil and natural gas producer that operates 87% of its production. Quattro has
44,338,754 outstanding class A common shares with a value of $28,522,513.00. The company’s portfolio consists of over 300 drilling locations and includes 6 oil and natural gas gathering and processing facilities in 3 core regions. Quattro’s land is held by production with no capital commitments. Quattro’s production averaged 1,646 boe/d in the first quarter of 2016 with oil production increasing 150% to 465 barrels per day. In June 2016 Quattro’s total proven reserves increased by 150% (TP) compared to year-end 2014 to 6.602 million boe, while Proven Plus Probable Reserves (2P) were 10.977 million boe equating to a year over year increase of 166%.
Quattro’s Assets in NE British Columbia including, Currant, Flatrock, Oak, Paradise, Rigel, and Clarke Lake/Milo produce out of the Cecil-Halfway-Montney Keg River-Slave Point Muskwa-Otter Park Play with a production of 930 boe/d. The assets have established cash flow with long life reserves and a capital cost of 5.2MM$ and 2P reserves of 4,222 Mboe.
Quattro’s Assets in East Central Alberta, including Bashaw, Donalda, Joarcam, Provost, and Wetaskiwin produce out of the Leduc, Belly River, Mannville, and Viking Formations with a net production of 750 boe/d. The assets include a 24 MMcf/d gathering and processing system and have a light oil processing capacity of 3,000 bbl/d. the capital costs are 3.2MM$ and have 2p Reserves of 4,109 Mboe.
Quattro’s Assets in SW Saskatchewan including Divide, Rangeview, and Superb produce out of the Madison, Shaunavon, Bakken, Birdbear and Mannville formations with a production of 240 boe/d. The assets include 6,000 bbl./d of heavy oil processing capacity and a 6 MMcf/d gathering and processing system. The capital costs of SW Saskatchewan are 3.2 MM$ and the assets have 2P Reserves of 2,645 Mboe.
Quattro Exploration and Production Ltd. had a year end 2015 reserve number of 10,976 Mboe. There is significant value with the purchase of these assets. Fill out the information request form and NRG will send you the Non-Disclosure Agreement along with the Sales and Solicitation package on how the process is working.
For further information please feel free to contact:
Arno Keller, B.A. Econ | President
arno.keller@nrgdivestitures.com
Elveden House
Suite 970 – 717, 7th Ave S.W.
Calgary, AB T2P 0Z3
Office: (403) 668-0688
Cell: (403) 860-8692
Fax: (403) 366-862