Sayer Energy Advisors has been engaged by Canadian Kenwood Company (“Canadian Kenwood” or the “Company”) to assist with the sale of all of its Canadian oil and natural gas properties, which are located in several areas of Alberta and Saskatchewan (the “Properties”).
The Properties provide the Company with long-life, low decline production. In the first half of 2019, production net to the Company averaged approximately 23 barrels of oil per day with minor volumes of natural gas.
Current operating income net to the Company from the Properties is approximately $10,000 per month.
Canadian Kenwood’s interests include 228 net acres of Fee Simple land in Saskatchewan, non-operated and royalty interests in the Edenvale area of Saskatchewan which is operated by Crescent Point Energy Corp., as well as minor non-operated interests in the Judy Creek and Swan Hills areas of Alberta operated by Accel Canada Holdings Limited and Canadian Natural Resources Limited.
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.
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Offers relating to this divestiture will be accepted until 12:00 pm on Thursday, October 31, 2019.
Parties wishing to receive a Confidential Information Binder with detailed technical information relating to this opportunity should execute the Confidentiality Agreement which is available on Sayer Energy Advisors’ website (www.sayeradvisors.com) and return one copy to Sayer Energy Advisors by courier, email (tpavic@sayeradvisors.com) or fax (403.266.4467).
Included in the Confidential Information Binder is the following: recent joint interest billing statements, Fee Title certificates and other relevant information.
To receive further information on the Properties please contact Tom Pavic, Ben Rye, Grazina Palmer or Alan Tambosso at 403.266.6133.