BOE Report

Alan Tambosso

Royalty Divestiture – Caledonian Midstream Corporation

Sayer Energy Advisors has been engaged to assist Caledonian Midstream Corporation (“Caledonian” or the “Company”) with the sale of a royalty interest (the “Royalty”) in the Company’s Quirk Creek, Alberta natural gas property (the “Property”). The Royalty consists of a 5% royalty interest (no deductions) on Caledonian’s mainly 100% working interest in 17,120 acres (26.75 sections) of land at Quirk Creek, on which there are currently 14 producing liquids-rich natural gas wells, two of which [Read more]

Duvernay Rights Divestiture: Aspenleaf Energy Limited – Thorsby Area of Alberta

Sayer Energy Advisors has been engaged to assist Aspenleaf Energy Limited and its wholly-owned subsidiary NEP Canada ULC (“Aspenleaf” or the “Company”) with the sale of its prospective Duvernay oil rights located in the Thorsby area of Alberta (the “Property”). The Property consists of Aspenleaf’s 100% working interest in 34,640 acres (54.1 sections) of Crown and Freehold Duvernay rights. Aspenleaf’s lands at Thorsby are offset to the southwest by recent Duvernay drilling activity by [Read more]

Enerplus Corporation – Non-Core Southeastern Saskatchewan Property Divestiture

Enerplus Corporation (“Enerplus” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of its non-core properties in the Weyburn, Tatagwaand Colgate areas of southeastern Saskatchewan (the “Properties”).  The Company is selling the Properties in order to focus its activities on its core areas. Recent production net to Enerplus from the Properties has averaged approximately 381 barrels of oil per day (16 barrels of oil per day net to Enerplus from Weyburn, 225 barrels of [Read more]

Direct Oil & Gas Inc. Strategic Alternatives Process

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]