BOE Report

Alan Tambosso

Gain Energy Ltd. – Non-Core Property Divestiture

Gain Energy Ltd. (“Gain” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of its non-core properties in central Alberta, northern Alberta and northeastern British Columbia (the “Properties”). Gain’s estimated recent oil and natural gas sales from the Properties have averaged approximately 2,515 barrels of oil equivalent per day, consisting of approximately 10.7 MMcf/d of natural gas, 376 barrels of oil per day and 358 barrels of natural gas liquids per day. Gain has [Read more]

Corporate Divestiture: WLA Investment Ltd.

Sayer Energy Advisors has been engaged to assist WLA Investment Ltd. (“WLA” or the “Company”) with the sale of the shares of the Company.  WLA is a privately-held company with one shareholder. WLA currently holds interests in oil and natural gas properties located in the Pembina and Leduc-Woodbend areas of central Alberta (the “Properties”).  The Company’s stable, low-decline oil production comes predominantly from its interests in the Blue Rapids Cardium Unit No. 1 and the Leduc Woodbend [Read more]

Predator Oil Ltd.: Non-Core Property Divestiture – Working Interests & Royalty Interests

Sayer Energy Advisors has been engaged to assist Predator Oil Ltd. (“Predator” or the “Company”) with the sale of its non-core oil and natural gas working interest properties located in various areas of Alberta, and its royalty interests located in Saskatchewan and Alberta (the “Properties”). Total production net to Predator from the Properties has averaged approximately 51 boe/d, consisting of 38 barrels of oil and natural gas liquids per day and 78 Mcf/d of natural gas.  Production is [Read more]

Firenze Energy Ltd. – Non-Core Property Divestiture

Sayer Energy Advisors has been engaged to assist Firenze Energy Ltd. (“Firenze” or the “Company”), a subsidiary of Toscana Energy Income Corporation (“Toscana”) with the sale of its light, sweet oil property in the Nevis area, its light & medium oil property in the Willesden Green area and its sweet natural gas property in the Tony Creek area of Alberta (the “Properties”). Firenze is selling the Properties as part of Toscana’s strategic alternatives process. Recent total oil and natural gas [Read more]

Longshore Resources Ltd.: Wembley, AB Property Divestiture

Sayer Energy Advisors has been engaged to assist Longshore Resources Ltd. (“Longshore” or the “Company”) with the sale of its non-core oil and natural gas properties located in the Wembley area of Alberta (the “Properties”). The Properties consist of consolidated land blocks that are held by long-life, low-decline production, with light oil upside in the Lower Charlie Lake, Halfway and Montney formations. The Properties also include non-operated infrastructure, including the Company’s working [Read more]

Non-Core Property Divestiture: Strategic Oil & Gas Ltd.

Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of its non-core properties in the Conrad and Taber areas of southern Alberta and in the Maxhamish area of NE British Columbia. Strategic holds a 100% working interest in a number of Sawtooth oil wells in the Conrad area of southern Alberta.  Prior to being shut-in in February 2016, the wells were capable of producing a total of 50-75 barrels of medium gravity (23-24o API) oil [Read more]

Upper Shaunavon Farmin Opportunity – Knolly, Saskatchewan Area

Sayer Energy Advisors has been retained to assist Rolling Trails Resources Inc. (“Rolling Trails” or the “Company”) and its sole working interest partner (collectively the “Companies”) with the farmout of the Knolly, Saskatchewan property (the “Property”). The Knolly area is prospective for oil production from the Upper Shaunavon Formation.  East of the Companies’ land, the Upper Shaunavon has been producing oil for many decades from the Rapdan, Eastbrook, Eastend, Dollard, Leon Lake, [Read more]

Insignia Energy Ltd.: Non-Core Property Divestiture

Sayer Energy Advisors has been engaged to assist Insignia Energy Ltd. (“Insignia” or the “Company”) with the sale of its non-core oil and natural gas properties located in the Caroline, Birch-Mannville-Wildmere, Honeysuckle, Beaverhill Lake, Ferrier, Crystal, Thorsby, Crossfire, Doris-Corbett, and Widewater areas of Alberta, and the Ladyfern and Nig areas of British Columbia (the “Properties”). Total production net to Insignia from the Properties has averaged approximately 445 boe/d, consisting [Read more]

Light Oil Property Divestiture: Gryphon Petroleum Corp. – Trout, Alberta

Gryphon Petroleum Corp. (“Gryphon” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of its high working interest sweet light oil property in the Trout area of northern Alberta (the “Property”). At Trout, Gryphon operates and holds working interests of 64-100% in nine producing Keg River/Granite Wash oil wells and a royalty interest in a tenth producing oil well.  The Company also operates two water disposal wells on the Property, with working interests of 47% and [Read more]

Receivership Sale: Grant Thornton Limited – Forent Energy Ltd.

Sayer Energy Advisors has been engaged to assist Grant Thornton Limited, in its capacity as court-appointed receiver and manager of Forent Energy Ltd. (“Forent” or the “Company”) with the sale of the oil and natural gas properties held by Forent (the “Properties”). The Company currently produces approximately 126 boe/d (87 barrels of oil and ngls per day and 231 Mcf/d of natural gas) primarily from its main properties at Twining, Wayne and Provost.  The properties are characterized by high [Read more]