Sayer Energy Advisors has been engaged to assist a senior oil and natural gas exploration and production company (the “Company”) with the sale of certain non-core oil and natural gas properties located in several areas of Alberta (the “Properties”).
The Properties consist of non-operated working interests in the following units: House Mountain Unit No. 2, Kaybob Notikewin Unit No. 1, Nordegg Gas Unit No. 1, Progress Halfway Gas Unit No. 1, Provost Cummings “Y” Unit No. 1, Rycroft Charlie Lake ‘A’ Pool Unit, Rycroft Charlie Lake C Pool Unit, Sunset Triassic A Unit No. 1 and the Waskahigan property which includes a working interest in the Waskahigan Dunvegan ‘A’ Pool Unit.
The Properties provide the Company with long-life, low decline oil and natural gas production. In the first quarter of 2019, production net to the Company averaged approximately 139 boe/d (53 bbl/d of oil and natural gas liquids, 514 Mcf/d of natural gas).
Net operating income from Properties totaled approximately $630,000 in 2018.
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 relating to acquire the Properties will be accepted until 12:00 pm on Thursday, September 12, 2019.
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