Imperial Oil Resources Limited (“Imperial”), on behalf of ExxonMobil Canada Energy (“ExxonMobil”), has initiated a process for the disposition of the Harmattan asset consisting of operated and non-operated properties located in central Alberta as further outlined below.
- Virtual Data Room Available:05/23/2019
- Effective Date: 07/01/2019
- Non-Binding Proposals Due: 06/27/2019
Harmattan Area
Over 85,000 Gross / 49,000 Net Hectares
- Additional 33,000 Gross / Net Hectares available for Farmout with sale
- Over 100 net sections of undeveloped cardium
2018 Average Production
- 4,500 BOE per day*
- 54% liquids
Major Producing Formations
- Cardium, Viking, Turner Valley / Elkton and Mississippian
Key Features
- Low decline base production
- Undeveloped liquid upside opportunities including interests in Cardium, Duvernay and Mannville
- Ownership in area infrastructure
- Preferential gas treatment fees
- GLJ Reserve Report available in data room
- LLR = 3.75**
The package represents ExxonMobil’s working interest and a Farmout option. The Harmattan area includes two operated Units, four non-operated Units, and supporting infrastructure. Fee title ownership and royalty interests are excluded.
* 2018 Average Production for 11 months due to turnaround
** As per the AER Liability Management Program Report April 1, 2019
Parties interested in signing a Confidentiality Agreement to view the Virtual Data Room, should contact:
Tamara Hawco
587-476-4588
tamara.l.hawco@exxonmobil.com