Sayer Energy Advisors has been engaged to assist Kaybob Energy Corp. (“KEC” or the “Company”) with the sale of its oil and natural gas royalty interests located in southern Alberta (the “Properties”).
The Properties consist primarily of royalty interests on long-life, low-decline oil and natural gas production in the Armada, Bantry, Eyremore, Little Bow and Majorvilleareas of Alberta, including the Tilley Milk River Gas Unit and the Alderson Upper Mannville “D” Unit.
Royalty income net to the Company from the Properties has averaged approximately $16,900/month, or $203,000 on an annualized basis.
Gross production from the Properties has recently averaged approximately 790 barrels of oil and natural gas liquids per day and 3.2 MMcf/d of natural gas (1,325 boe/d). Production net to KEC from the Properties has averaged approximately six barrels of oil and natural gas liquids and 135 Mcf/d of natural gas (29 boe/d).
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, August 16, 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