The board of directors of Direct Oil & Gas Inc. (“Direct” or the “Company”) has engaged the services of Sayer Energy Advisors to assist the Company with a strategic alternatives process. The Company is open to reviewing all alternatives, which include, but are not limited to, a sale of some or all of the Company’s assets, a recapitalization of the Company, a sale of the Company for cash or a merger of the Company with another oil and natural gas entity. Direct is a highly focused company, … [Read more...]
Strategic Alternatives Process: Petrocapita Income Trust
Sayer Energy Advisors (“Sayer”) has been engaged to assist Petrocapita Income Trust and its wholly owned subsidiaries, Petrocapita GP 1, Petrocapita GP 2, Petrocapita Oil & Gas L.P. and Petrocapita Processing L.P. (“Petrocapita” or the “Company”) with a strategic alternatives process. The Company is open to reviewing all alternatives which include, but are not limited to, a sale of the Company for cash, a merger of the Company with another oil and natural gas entity, or a sale of some or … [Read more...]
Tidewater Midstream and Infrastructure Ltd. – Non-Core Property Divestiture
Sayer Energy Advisors has been engaged to assist Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Company”) with the sale or farmout of certain oil and natural gas interests located in the Montney resource play region of northeastern British Columbia (the “Properties”). The Properties offer production potential from multiple reservoirs alongside key Tidewater infrastructure with substantial drilling upside in the Montney Formation. The Properties are connected to an … [Read more...]
Property Divestiture: 119307 Alberta Corporation – Dunvegan Area of Alberta
Sayer Energy Advisors has been engaged to assist 119307 Alberta Corporation (“119307” or the “Company”) with the sale of its oil and natural gas property in the Dunvegan area of Alberta (the “Property”). The Property consists of a 0.921% working interest in the Dunvegan Gas Unit No. 1 (the “Unit”), as well as various non-Unit oil and natural gas wells. Recent sales net to 119307 from the Property have averaged approximately 77 boe/d (325 Mcf/d and 23 barrels of oil, free condensate and … [Read more...]
Corporate/Asset Divestiture: Wolf Coulee Resources Inc.
Sayer Energy Advisors (“Sayer”) has been engaged to assist Wolf Coulee Resources Inc. (“Wolf Coulee” or the “Company”) with the sale of the shares of the Company or any of its assets. The Company’s Board of Directors has determined that concluding a transaction or series of transactions is imperative. Although the sale of the shares is preferred, the Company will entertain offers on any of its assets. The Company has long life reserves (1P RLI >25 years), less than 50 shareholders and no … [Read more...]
Duvernay Rights Divestiture: Blackspur Oil Corp. – Pembina area of Alberta
Sayer Energy Advisors has been engaged to assist Blackspur Oil Corp. (“Blackspur” or the “Company”) with the sale of its prospective Duvernay oil rights located in the Pembina area of Alberta (the “Property”). Blackspur holds working interests in 95 sections (82 net) of prospective Duvernay oil rights located in the Pembina area of Alberta. The Company holds a 100% working interest in most of the lands on the Property, holding working interests of 50% and 80% in some of the lands. The … [Read more...]
Receivership Sale: Lexin Group – Fee Simple Lands and Seismic Data
Sayer Energy Advisors has been engaged to assist Grant Thornton Limited, in its capacity as court-appointed receiver (the “Receiver”) of Lexin Resources Ltd., 0989 Resource Partnership, 1051393 BC Ltd., LR Processing Ltd. and the LR Processing Partnership (collectively the “Lexin Group” or “Lexin”) with the sale of fee simple lands (the “Fee Simple Lands”) and seismic data (the “Seismic”) owned by the Lexin Group Fee Simple Lands: The Fee Simple Lands are located in southern Alberta, primarily … [Read more...]
Corporate Divestiture: Corse Energy Corp.
Sayer Energy Advisors has been engaged to assist Corse Energy Corp. (“Corse” or the “Company”) with a corporate sales process. The Company provides an attractive acquisition opportunity with a focused asset base of existing low-decline, shallow natural gas and CBM production. Corse currently has a high LLR rating, no debt and over $800,000 in cash. The Company’s operations are focused in the Huxley area of Alberta (the “Property”). The Property consists mainly of operated production and … [Read more...]
Duvernay Rights Divestiture: Crescent Point Energy Corp. – Ferrybank, Alberta Area
Sayer Energy Advisors has been engaged to assist Crescent Point Energy Corp. (“Crescent Point” or the “Company”) with the sale of its prospective Duvernay oil rights located in the Ferrybank area of Alberta. Crescent Point holds a 100% working interest in P&NG rights in the Duvernay Formation in approximately 88 sections of land at Ferrybank. The Company also holds additional rights in certain sections. Crescent Point’s lands in the Ferrybank area are offset by recent Duvernay drilling … [Read more...]
Property Divestiture: Shafam Resources Ltd.
Sayer Energy Advisors has been engaged to assist Shafam Resources Ltd. (“Shafam”) with the sale of its oil and natural gas royalty interests and minor non-operated working interest properties (the “Properties”). The Properties are located in various areas of Alberta and Saskatchewan. Total production net to Shafam is estimated to be 37 boe/d, consisting of approximately 30 barrels of oil per day and 43 Mcf/d of natural gas. The royalty properties are located in … [Read more...]
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