Alcedio Capital Inc. (“Alcedio”) has been retained as financial advisor to market and facilitate the sale of a private, Calgary, Alberta-based upstream light oil and gas company (the “Company”).
The Company is a private exploration and production business focused in Swan Hills and Northwest (“NW”) Alberta, with current production of approximately 1,000 boe/d from 55 producing wells, weighted 97% to light crude oil and NGLs. The Company has identified more than 400 development locations across its land base.
- Swan Hills – The Company holds a land position of more than 100,000 acres in Swan Hills, with 478 mmbbls of original oil in place. Production is approximately 100% oil and liquids supported by established operated infrastructure, including roads, oil batteries and egress pipelines with all-weather access, which maintains low transportation costs.
- NW Alberta – The Company holds a land position of more than 14,000 acres in NW Alberta, with 20 mmbbls of original oil in place. Production is approximately 93% oil and liquids, with minimal gas processing requirements. Shut-in gas fields provide gas optionality, with restart capital estimated at approximately C$100K.
For more information, please contact:
Sergio Terrazas, Executive Managing Director
(403) 809-7001
Ivan Chen, Analyst
(403) 383-0089