Sayer Energy Advisors has been engaged to assist Little Rock Resources Ltd. (“Little Rock” or the “Company”) with the marketing of its southern Alberta royalty interests (the “Royalty Properties”).
The Royalty Properties consist of various royalty interests in producing and non-producing oil and natural gas wells in the Chin Coulee, Enchant (including the Enchant Upper Mannville Unit, Enchant Glauconitic Unit and Enchant Glauconitic Unit No. 1), Badger, Majorville and Jumpbush areas of southern Alberta.
Recent royalty production net to Little Rock from the Royalty Properties has averaged approximately 17 boe/d (60 Mcf/d of natural gas, six barrels of oil per day and one barrel of natural gas liquids per day). Recent royalty revenue net to the Company has averaged approximately $15,000 per month, or approximately $180,000 per year.
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 to acquire the Royalty Properties will be accepted until 12:00 pm on Thursday, December 21, 2017.
For further information please feel free to contact Tom Pavic, Ben Rye, Grazina Palmer, Ryan Ferguson Young 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