Sayer Energy Advisors has been engaged to assist Gear Energy Ltd. (“Gear” or the “Company”) with the sale of its prospective Duvernay oil rights located in the Chigwell area of Alberta (the “Property”).
The Property consists of Gear’s 100% working interest in 10.375 contiguous sections of Duvernay rights only.
The Property is situated within the oil window of the East Shale Basin.
Gear’s lands in the Chigwell area are offset to the southwest by recent Duvernay drilling activity in the Joffre Duvernay Shale oil play by Vesta Energy Ltd. and to the north in the Ferrybank area by Raging River Exploration Inc.
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 Property will be accepted until 12:00 pm on Thursday, June 21, 2018.
For further information please feel free to contact: Tom Pavic, Ben Rye, Mark Zalucky, 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