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 interest)
- Multiple producing zones include the Wilrich, Falher, Notikewin, Dunvegan, Cadomin, Gething, and Cardium
- Property is mostly operated by Shell, with some wells operated by Peyto and CNRL
- 326 Mcfe/day average well rate
- Very long producing life (9 year Proved Producing RLI, 23 year Total Proved Plus Probable RLI)
- Low operating costs of $1.25/Mcf and royalties are currently 4.8%
- 1078 Btu/Scf gas receives AECO pricing less $0.20/Mcf for transportation and fuel
- 20 future Wilrich, Falher, and Cardium horizontal gas locations to continue to maintain production
Fenn Big Valley Facilities and Gas Property (36-20 W4M)
- ~24 sections of concentrated land in Townships 35 and 36, Range 20 W4M and consists of 2 related components, specifically the operated facilities and the operated gas production
- ~$600,000/year of income from gas facility ownership, operating income, and compressor rental income
- Additional production related income from 378 Mcf/day net sales gas and 0.3 Bbls/day condensate from 71 gross (12.5 net) shallow gas wells
- Long producing life (7 year Proved Producing RLI, 9 year Proved Plus Probable Producing RLI)
- Fenn Big Valley has a recent 2.09 LLR assigned by the AER
Harmattan Oil Property (32-03 W5M)
- 15 BOE/day of current net production at 1.5%, 5%, or 10% working interests
- 9.0 Bbls/day of net oil production
- 24 Mcf/day of net sales gas production
- 2.5 Bbls/day of net liquids production
- Operated by Tamarack Valley, Whitecap, or Triaxon
- Long producing life (7 year Proved Producing RLI)
- 3% royalties and ~$10.00/BOE operating expenses
- 2 locations for future horizontal Cardium development at 5% working interest
- Future horizontal Viking development of large OOIP pool
Prospective purchasers wishing to participate in this Offering are requested to direct their inquiries to Darryl Derouin at (403) 781-7041, email info@cbsecurities.com, or visit our webpage at www.cbsecurities.com/shaman-energy-corporation for more specific property information.
