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Rally Canada Resources Ltd.: Non-Core Property Divestiture

June 13, 2019 5:44 AM
BOE Report Staff

Rally Canada Resources Ltd. (“Rally”) is in the process of selling certain non-core properties located in Alberta (Range14-24, Township 38-42). Recent net production from all of the assets is over 300 boe/d (~85% oil and liquids); approximately 260 bbl/d of oil behind pipe; and 6 potential infill locations. The assets are a mix of Unit, Operated, and Non-Operated Working Interests, with the majority being operated.

Cash offers to acquire the properties will be accepted until 12:00 pm on July 15, 2019. Strong preference will be given to offers to acquire the properties as one complete package; however, offers will be considered for individual properties.

Parties wishing to receive a Confidential Information Binder with detailed land, geological, operation and financial information relating to this opportunity will be required to execute a Confidentiality Agreement which is available upon request by contacting Paul Cao at 587.888.9927 or info@rallyoil.com.

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