BOE Report

Alan Tambosso

Canstone Energy Ltd.: Twining Area Property Divestiture

Sayer Energy Advisors has been engaged to assist Canstone Energy Ltd. (“Canstone” or the “Company”) with the sale of all of its oil and natural gas properties, which are generally located in the greater Twining area, including the Equity, Ghost Pine, Huxley, Keivers Lake, Lone Pine, North Twining, Stewart Lake, Swalwell, Trochuand Twining areas of Alberta (the “Properties”). The long-life, shallow natural gas production from the Properties in the greater Twining area is mostly [Read more]

AlphaBow Energy Ltd. – Non-Core Property Divestiture, Michichi, Alberta

Sayer Energy Advisors has been engaged to assist AlphaBow Energy Ltd. (“AlphaBow” or the “Company”) with the sale of its non-core oil and natural gas properties located in the Aerial, Michichi and Greater Michichi areas of Alberta (the “Properties”). Recent total oil and natural gas sales net to AlphaBow from the Properties has averaged approximately 653 boe/d (260 barrels of oil and natural gas liquids per day and 2.4 MMcf/d of natural gas). The majority of the production is from the Banff [Read more]

Kaybob Energy Corp.: Royalty Property Divestiture

Sayer Energy Advisors has been engaged to assist Kaybob Energy Corp. (“KEC” or the “Company”) with the sale of its oil and natural gas royalty interests located in southern Alberta (the “Properties”). The Properties consist primarily of royalty interests on long-life, low-decline oil and natural gas production in the Armada, Bantry, Eyremore, Little Bow and Majorvilleareas of Alberta, including the Tilley Milk River Gas Unit and the Alderson Upper Mannville “D” Unit. Royalty income net to the [Read more]

Duvernay Land Divestiture: Hitic Energy Ltd. – Sturgeon Lake, Alberta

Sayer Energy Advisors has been engaged to assist Hitic Energy Ltd. (“Hitic” or the “Company”) with the sale, farmout or other form of disposition of its Sturgeon Lake, Alberta Duvernay property (the “Property”). In the Sturgeon Lake area, Hitic has a 100% working interest in 122.5 sections of land where it holds Duvernay rights, with another 12 sections of land where the Company holds shallower rights only.  The Company’s land is situated in the thickest and most thermally mature part of [Read more]

Nexen Energy ULC: Non-Core Property Divestiture

Nexen Energy ULC (“Nexen” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of certain of its non-core properties in various areas of Alberta, Saskatchewan and the Northwest Territories, Canada (the “Properties”).  Included in this offering is Nexen’s Crossfield area asset. The Crossfield property is characterized by long-life assets with shallow decline rates, a material land position with significant upside for Coalbed Methane (“CBM”) development as well as [Read more]

Duvernay Rights Divestiture: InPlay Oil Corp. – Pembina and Sylvan Lake areas of Alberta

Sayer Energy Advisors has been engaged to assist InPlay Oil Corp. (“InPlay” or the “Company”) with the sale of its prospective Duvernay oil rights located in the Sylvan Lake and Pembina areas of Alberta (the “Properties”). In the Sylvan Lake area, InPlay holds an average 50% working interest in 22.25 sections of land which are prospective for oil and natural gas production from the Duvernay Formation. In the Pembina area, InPlay holds an average 61% working interest in 8.75 sections of land [Read more]

Groundswell Energy Inc. – Royalty and Working Interest Property Divestiture

Sayer Energy Advisors has been engaged to assist Groundswell Energy Inc. (“Groundswell” or the “Company”) with the sale of its natural gas royalty and working interest properties located in southeastern Alberta and southwestern Saskatchewan (the “Properties”). The Properties consist primarily of royalty interests on natural gas units with long-life, low-decline natural gas production. The Properties include royalty interests in the Alderson Second White Specks Gas Unit No. 3, Alderson Second [Read more]

Corporate Divestiture: Primrose Drilling Ventures Ltd.

Sayer Energy Advisors has been engaged to assist 1280417 Alberta Ltd. (“1280417”) with a corporate sales process.  1280417 is the sole shareholder of Primrose Drilling Ventures Ltd. (“Primrose” or the “Company”), which is a private oil and natural gas company.  1280417’s sole asset is its ownership of Primrose.  Primrose has income tax pools totaling approximately $5.8 million; it will have no working capital deficiency or surplus at closing. Primrose currently produces approximately 354 boe/d [Read more]

Duvernay Land Divestiture: Gear Energy Ltd. – Chigwell, Alberta

Sayer Energy Advisors has been engaged to assist Gear Energy Ltd. (“Gear” or the “Company”) with the sale of its prospective Duvernay oil rights located in the Chigwell area of Alberta (the “Property”). The Property consists of Gear’s 100% working interest in 10.375 contiguous sections of Duvernay rights only. The Property is situated within the oil window of the East Shale Basin. Gear’s lands in the Chigwell area are offset to the southwest by recent Duvernay drilling activity in the Joffre [Read more]

Keyera Partnership – Non-Core Infrastructure Divestiture

Keyera Partnership (“Keyera” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of its natural gas processing plant and associated infrastructure interests in the Nevis area of Alberta (the “Complex”).  The Company is selling the Complex in order to focus its activities on its core business. The Keyera Nevis Complex located at 16-33-038-22W4 was initially constructed in 1956 and a facility expansion was done in 1972. In 1985, a sulphur unit expansion and upgrade was [Read more]