Sayer Energy Advisors has been engaged to assist Groundswell Energy Inc. (“Groundswell” or the “Company”) with the sale of its natural gas royalty and working interest properties located in southeastern Alberta and southwestern Saskatchewan (the “Properties”).
The Properties consist primarily of royalty interests on natural gas units with long-life, low-decline natural gas production.
The Properties include royalty interests in the Alderson Second White Specks Gas Unit No. 3, Alderson Second White Specks Gas Holding Unit, Medicine Hat Consolidated Unit No. 2, Medicine Hat Hilda Gas Unit, Beacon Hill Mannville Voluntary Gas Unit as well as Cessford, and Craigend areas of Alberta, the Hatton area of Saskatchewan and a working interest in the Medicine Hat Consolidated Unit No. 2.
Total net operating income from the Properties averaged approximately $110,000 in 2017. Approximately 99.5% of this income was royalty income.
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).
Click here for more detailed information
Cash offers to acquire the Properties will be accepted until 12:00 pm on Thursday, July 5, 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 Tambosso
Alan W. Tambosso, P.Eng. P.Geol.
President
SAYER ENERGY ADVISORS
1620, 540 – 5th Avenue SW
Calgary, Alberta T2P 0M2
P: 403.266.6133 C: 403.650.8061 F: 403.266.4467
www.sayeradvisors.com