BOE Report

Alan Tambosso

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]

Gray Dusenbery Oil and Gas LP – Strategic Alternatives Process

Gray Dusenbery Oil and Gas LP (“GDOG” or the “Company”) has engaged Sayer Energy Advisors to assist with a strategic review of its business and assets.  GDOG’s main producing properties are located in the Strachan-Ferrier, Ricinus, Rosevear and Cooking Lake areas of Alberta (the “Properties”).  Alternatives may include but are not limited to the sale or farm-out of the Properties or a sale of the shares of the Company. The Company is a private, limited partnership founded in 2009 which presents [Read more]

Journey Energy Inc. – Non-Core Property Divestiture

Sayer Energy Advisors has been engaged to assist Journey Energy Inc. (“Journey” or the “Company”) with the sale of certain non-core operated properties located in the Brooks, Gilby, Gull Lake, Niton and Pembina Keystone Cardium Unit No. 1 areas of Alberta, and non-operated interests in the Pembina area of Alberta (the “Properties”). Total production net to Journey from the Properties has recently averaged approximately 1,440 boe/d, consisting of 3.9 MMcf/d of natural gas and 792 barrels of oil [Read more]

ISH Energy Ltd.: Non-Core Property Divestiture

Sayer Energy Advisors has been engaged by ISH Energy Ltd. (“ISH” or the “Company”) to assist with the sale of certain non-core assets located in the Kirby and Cecilareas of Alberta and the Edam area of Saskatchewan (the “Properties”). In the Kirby area of Alberta, ISH holds the P&NG rights from surface to basement, or from surface to the base of the Mannville Group, in 108.25 sections of Crown land, excluding the oil sands rights in the Wabiskaw and McMurray formations.  ISH holds a 100% [Read more]

Corporate Divestiture: Robert L. McNamara Leaseholds Ltd.

Sayer Energy Advisors has been engaged by Robert L. McNamara Leaseholds Ltd. (the “Company”) to assist with the sale of the shares of the Company. The assets of the Company include a number of mineral title and royalty interests comprising over 1,700 net acres in the Waterton, Majorville, Okotoks, Crossfield, Lochend, Swalwell, Twining, Garrington, Sylvan Lake, Joffre, Medicine River and Pembina areas of southern and central Alberta (the “Titles”), and interests in approximately 260 Gross [Read more]

Sequoia Resources Corporation: Cabin Creek, Alberta Property Divestiture

On March 23, 2018, pursuant to the Bankruptcy and Insolvency Act (“BIA”), Sequoia Resources Corporation (“Sequoia” or the “Company”), filed an assignment in Bankruptcy and PricewaterhouseCoopers Inc. LIT (“PwC”) was appointed as Licensed Insolvency Trustee (the “Trustee”). Sayer Energy Advisors has been engaged to assist the Trustee with the sales process of certain of Sequoia’s oil and natural gas properties.  At this time, we are marketing the Company’s Cabin Creek natural gas property (the [Read more]

West Lake Energy Corp: Non-Core Property Divestiture

West Lake Energy Corp. (“West Lake” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of its non-core producing heavy oil properties located in the Silverdale, Furness, Tangleflags, Lashburn, Mervin, Pikes Peak, Epping, Celtic, Primate and Freemont areas of Saskatchewan as well as non-producing properties located in the Maidstone, Ear Lake, Manitou, Macklin, Marsden and Rush Lake areas of Saskatchewan (the “Properties”). West Lake operates all of the Properties, [Read more]

Sequoia Resources Corporation: Property Divestiture

On March 23, 2018, pursuant to the Bankruptcy and Insolvency Act (“BIA”), Sequoia Resources Corporation (“Sequoia” or the “Company”), filed an assignment in Bankruptcy and PricewaterhouseCoopers Inc. LIT (“PwC”) was appointed as Licensed Insolvency Trustee (the “Trustee”). Sayer Energy Advisors has been engaged to assist the Trustee with the sales process of certain of Sequoia`s oil and natural gas properties.  The properties are located in the Sullivan Lake, Ferrybank, Crystal, [Read more]