Bounty Developments Ltd. (“Bounty” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the farmout or sale of its oil and natural gas interests located in the Elmworth, Valhalla, Wapiti and Wembley areas of Alberta (the “Properties”).
The Properties consist of predominantly 100% working interests in Crown mineral rights with prospective drilling locations for oil and natural gas primarily in the Montney, Charlie Lake, and Halfway formations.
At Valhalla, Bounty has a 100% working interest in an aggregate of 3.75 sections of land, and a 50% working interest in one section, with P&NG rights to the Charlie Lake and Halfway formations.
At Wapiti, Bounty has a 100% working interest in five sections of land with P&NG rights to the Charlie Lake and Halfway formations.
At Wembley, Bounty has a 100% working interest in 1.25 sections of land with P&NG rights to the Charlie Lake and other formations.
Further geological details of the Properties will be available in the virtual data room for parties that execute a confidentiality agreement.
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).
Proposals relating to this process will be accepted until 12:00 pm on Thursday, December 19, 2024.
For further information please feel free to contact: Ben Rye, Sydney Birkett, or Tom Pavic at 403.266.6133.