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Prairie Thunder Resources Ltd. (“Prairie Thunder” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of its oil and natural gas interests located in the Peerless area of Alberta (the “Property”). The Company is selling the Property in order to focus its operations on its core properties.
The Property has significant potential for development of the Wabiskaw-McMurray reservoir.
There is currently no production from the Property.
The Company has a Wabiskaw horizontal drilling location licensed on its option lands located at 00/03-04-078-22W4/00 at Peerless. The well must be spud by June 30, 2026 in order to earn the option lands.
The Wabiskaw-McMurray has been extensively developed on primary, waterflood and polymer flood offsetting the Property by various operators including Canadian Natural Resources Limited, Cenovus Energy Inc. and Headwater Exploration Inc.
InSite Petroleum Consultants Ltd. (“InSite”) prepared an independent reserves evaluation of the Property (the “InSite Report”) as part of the Company’s year end reporting. The InSite Report is effective January 1, 2026 using InSite’s December 31, 2025 forecast pricing. InSite estimates that, as at January 1, 2026, the Peerless property contained remaining proved plus probable reserves of 686,000 barrels of oil and 246 MMcf of natural gas (727,000 boe), with an estimated net present value of $13.4 million using forecast pricing at a 10% discount.
As of May 6, 2026, the Peerless property had a deemed liability value of $112,602.
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, May 28, 2026.
For further information please feel free to contact: Ben Rye, Sydney Birkett, or Tom Pavic at 403.266.6133.