TOP Oil Production Ltd. (“TOP Oil” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of its non-core oil and natural gas interests located in the Lloydminster area of Alberta (the “Property”).
Current production net to TOP Oil from the Property is estimated to be approximately 53 bbl/d of oil as the Company has recently restarted three wells at Lloydminster, which are producing an additional 22 bbl/d of oil.
Average daily production net to the Company from the Property for the 12 months ended June 30, 2026 was approximately 31 bbl/d of heavy oil.
Operating income net to the Company from the Property for the 12 months ended June 30, 2026 was approximately $2,560 per month or $30,700 on an annualized basis.
The Company has a 100% working interest in the disposal well located at 100/13-06-052-04W4 which has disposed of approximately 120 m3/day of water over the last year. The well has a high-end capability to dispose of 400 m3/day of water. It is currently taking third-party water from several companies in the area.
Significant potential remains for multi-zone Mannville stack development utilizing multilateral drilling technology across the Property.
As at October 1, 2026, the Property had deemed liabilities of approximately $3.0 million.
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, November 12, 2026.
For further information please feel free to contact: Ben Rye, Sydney Birkett, or Tom Pavic at 403.266.6133.