Sayer Energy Advisors has been engaged to assist Aspenleaf Energy Limited and its wholly-owned subsidiary NEP Canada ULC (“Aspenleaf” or the “Company”) with the sale of its prospective Duvernay oil rights located in the Thorsby area of Alberta (the “Property”).
The Property consists of Aspenleaf’s 100% working interest in 34,640 acres (54.1 sections) of Crown and Freehold Duvernay rights.
Aspenleaf’s lands at Thorsby are offset to the southwest by recent Duvernay drilling activity by Crescent Point Energy Corp. and Baytex Energy Ltd.
To the west of the Company’s land, Teine Energy Ltd. has recently been actively drilling the Duvernay in the Highvale/Pembina area.
South of the Thorsby area, Baytex, Journey Energy Inc. and Vesta Energy Ltd. have recently reported success drilling horizontal Duvernay oil wells at Pembina and Joffre.
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).
Proposals relating to this divestiture will be accepted until 12:00 pm on Thursday, April 25, 2019.
For further information please feel free to contact: Ben Rye, Grazina Palmer, Ryan Ferguson Young, Tom Pavic 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