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, Evi, Paddle River, Paradise and Valhalla areas of Alberta and the Westhazel area of Saskatchewan (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, Ostracod, Sparky and Cummings formations.
Additionally, Bounty is selling two light oil wells in the Evi area of Alberta targeting the Granite Wash Formation. The well 02/12-23-086-12W5/0 at Evi is currently producing 10 bbl/d of oil at a 93-95% watercut.
In the Evi area, Bounty holds a 100% working interest in 2 Granite Wash light oil wells. One well produces at a rate of approximately 10 bbl/d oil while the other is shut-in, requiring a tubing repair having last produced at stable rate of approximately 15 bbl/d of oil. The wells have ample remaining reserves and access to nearby battery and services, with potential for optimization through a local, experienced operator.
At Paddle River, Bounty holds a 100% working interest in an aggregate of 2 sections of land, with P&NG rights from surface to basement. These lands are offsetting production from, and highly prospective in, the Ostracod Sandstone Formation.
In the Paradise area, Bounty holds a 100% working interest in 2.5 sections of land, with PNG rights from surface to base of Prairie Evaporite Formation. These lands are offsetting production from, and highly prospective in, the Lower Cretaceous Cummings Sandstone Member.
At Valhalla, Bounty has a 100% working interest in an aggregate of 3 sections of land, with P&NG rights to the Charlie Lake and Halfway formations. These lands are highly prospective for multiple pay sequences in the Charlie Lake and Halfway formations.
In the Westhazel area of Saskatchewan, Bounty holds 9 LSDs of land, with PNG rights from surface to top of the Prairie Evaporite Formation. These lands are suitable for multilateral horizontal drilling in the undrained portion of a Sparky oil pool.
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 3, 2026.
For further information please feel free to contact: Ben Rye, Sydney Birkett, or Tom Pavic at 403.266.6133.