NuVista Energy Ltd. (“NuVista”) will be entertaining offers for its fee title interests in the Wembley area of Alberta (the “Asset”). The Asset is composed of 5 separate blocks with cumulative land of ~1,880 hectares (approximately 7.25 sections) and current production of ~158 boe/d (46% liquids) and YTD2019 CF ~$1.0MM.
Much of the Assets are in areas with significant Montney development. Additional zones with recent activity include the Charlie Lake and Doig formations.
A package of more detailed confidential information will be sent to any party executing a Confidentiality Agreement with NuVista (a copy of which is available upon request).
NuVista is accepting offers until 12:00 pm, December 19, 2019, with an anticipated Closing Date in 2020. The Assets are divided into Blocks of land; interested parties may submit bids on individual Blocks or a combination of Blocks. All proposals / deal structures (i.e. sale, swap / exchange) will be considered; however, strong preference will be given to cash offers.
For further information, please contact Ray Bang at rbang@nvaenergy.com or 403-536-8609.