Crestwynd Exploration Ltd. is soliciting offers in a unique opportunity for qualified bidders interested in acquiring or farming in on a drill ready and scalable oil prospect in the Clearwater formation near Perryvale Ab. The details of the opportunities are as follows:
|Locations:||Drill ready, licensed and constructed surface location (100/04-19-063-22W4). Crestwynd has mapped up to 71 follow up locations on the lands. Good all seasons access, attractive AB Crown C* royalty holiday on favorable freehold owned surface.|
|Well Type:||Six leg Multi-lateral drill with open hole completion.|
|Substance:||Med-Heavy Oil play with Light Oil netbacks|
|Capital Costs:||Drill and Case: $850,000.00
Equip and Tie in: $175,000.00
|Expiries:||0417030051 March 9, 2022
0417070037 July 6, 2022
100% Crown minerals
|Estimated Reserves:||Internal Reserve Estimates (per well): 1P = 90 Mbbls, 2P = 100 Mbbls|
|General/Geological Discussion:||The Clearwater formation is a Cretaceous aged Lower-Middle Mannville marine siliciclastic unit encased in overlying and underlying marine shales. The depositional environment is interpreted to be that of a prograding delta that has been focused into sub-basins created by accommodation on the underlying Paleozoic.
The primary trapping mechanism is believed to be a stratigraphic trap set up by reservoir sandstones pinching out to basinal shales to the NE. Wet reservoir is interpreted on the SW downdip edges of the mapped oil accumulations.
|General:||Crestwynd’s preference is for an outright sale of the assets but all proposals will be considered based on their individual merit. A technical presentation is available for interested parties upon execution of a Confidentiality Agreement. This offer is not exclusive and may be withdrawn by Crestwynd at any time.
Please contact Jesse Griffith at 403.650.5766 or firstname.lastname@example.org if you are interested in seeing a technical presentation or for further information regarding the opportunity.