Erikson National Energy Inc. (“Erikson” or the “Company”) has filed a Notice of Intention to Make a Proposal under subsection 50.4 (1) of the Bankruptcy and Insolvency Act, as amended (the “NOI”). KSV Restructuring Inc. has been retained by Erikson as proposal trustee for the NOI process. A sale and investment solicitation process (the “SISP”) is to be undertaken by the Company in its NOI proceedings. Erikson has engaged Sayer Energy Advisors to assist the Company with the sale, in whole or in part, of all of the oil and natural gas assets held by Erikson through the SISP. A copy of the SISP is found on Sayer’s website at www.sayeradvisors.com.
In the Greater Fort St. John area, the Company has working interests in the Buick Creek, Fireweed, Fort St. John, Laprise, Roseland and Stoddart areas.
The operated wells associated with the Properties were shut-in in March 2024. Average daily production capability from the Properties is approximately 3,043 boe/d, consisting of 18.1 MMcf/d of natural gas and 22 barrels of natural gas liquids per day.
Summary information relating to this divestiture is attached to this correspondence. A package of more detailed confidential information will be sent to any party executing a Confidentiality Agreement (copy attached).
Offers as outlined in the SISP relating to this process will be accepted until 12:00 pm on Thursday, November 14, 2024.
For further information please feel free to contact: Ben Rye, Sydney Birkett or Tom Pavic at 403.266.6133.