BOE Report

Alan Tambosso

Little Rock Resources Ltd.: Property Divestiture – Chin Coulee, Alberta

Sayer Energy Advisors has been engaged to assist Little Rock Resources Ltd. (“Little Rock” or the “Company”) with the sale of its non-core oil property located in the Chin Coulee area of Alberta (the “Property”).  Chin Coulee is located 30 kilometres southeast of Taber, Alberta. At Chin Coulee, Little Rock holds a 100% interest in low-decline oil production from two Sawtooth oil pools that are currently under waterflood.  Current production net to Little Rock fromChin Coulee is approximately [Read more]

Cenovus Energy Inc. – Non Core Light Oil & Oil Sands Properties Divestiture

Cenovus Energy Inc. (“Cenovus” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of the Company’s light oil properties located in the Puskwa and Simonette areas of Alberta, as well as its oil sands properties located in the Panny, Godin, Peace River, Portage/Duncan and Craigend areas of Alberta (the “Properties”). Light Oil Properties At Puskwa, Cenovus holds a 100% working interest in 25,728 ha of mainly contiguous land offsetting recent Montney drilling activity [Read more]

Corporate Divestiture: Centennial Petroleum Company Ltd.

Sayer Energy Advisors has been engaged to assist Centennial Petroleum Company Ltd. (“Centennial” or the “Company”) with a strategic alternatives process.  Potential outcomes include, but are not limited to, a sale of the shares of the Company, a sale of the assets of the Company, or a business combination with another entity, private or public.  Any and all other forms of consideration will be entertained. Centennial is a private, junior exploration and development company which holds mainly [Read more]

Corporate Divestiture: Wolf Coulee Resources Inc.

Sayer Energy Advisors has been engaged to assist Wolf Coulee Resources Inc. (“Wolf Coulee” or the “Company”) with the sale of the shares of the Company.  The Company has long life reserves, less than 50 shareholders and no bank debt. The offering presents an opportunity to acquire a focused company with operated, high working interest, concentrated assets located in a focused area which is comprised of Retlaw, Badger, Hector and Little Bow (the “Retlaw Focus Area”). Total production at the end [Read more]

MNP Ltd – COGI Receivership Sale

MNP Ltd. was appointed as receiver and manager (the “Receiver”) of all of the assets, properties and undertakings of COGI Limited Partnership, Canadian Oil & Gas International Inc. Conserve Oil Group Inc. and Conserve Oil 1st Corporation (collectively “COGI” or the “Company”) pursuant to orders of the Court of Queen’s Bench of Alberta. In November 2016, a process to sell the oil and natural gas assets of COGI was undertaken.  Subsequent to the sales process, certain oil and natural gas [Read more]

Corporate Divestiture: Bering Exploration Company, ULC

Sayer Energy Advisors has been engaged to assist Bering Exploration Company, ULC and its related entities, Lexington Oil & Gas Co. and Vitus Oil and Gas, ULC (collectively “Bering” or the “Companies”) with the sale of the shares of the Companies.  Bering is a private company with a small number of shareholders, four employees, low overhead and positive working capital. Bering’s properties are located in the Sullivan Lake, Mitsue and Peace River Arch (“PRA”) areas of Alberta (the [Read more]

Little Rock Resources Ltd. – Divestiture of Southern Alberta Royalty Interests

Sayer Energy Advisors has been engaged to assist Little Rock Resources Ltd. (“Little Rock” or the “Company”) with the marketing of its southern Alberta royalty interests (the “Royalty Properties”). The Royalty Properties consist of various royalty interests in producing and non-producing oil and natural gas wells in the Chin Coulee, Enchant (including the Enchant Upper Mannville Unit, Enchant Glauconitic Unit and Enchant Glauconitic Unit No. 1), Badger, Majorville and Jumpbush areas of southern [Read more]

Repsol Canada Energy Partnership – Sukunka (Rocky Creek) B.C. Coal Licences

Sayer Energy Advisors has been engaged by Repsol Canada Energy Partnership (“Repsol” or the “Company”) to assist it with the marketing of nine of its coal licences in the Sukunka (Rocky Creek) area of British Columbia (the “Licences”). The Licences were originally acquired by a predecessor to Repsol, an affiliated entity of BP Exploration Canada Ltd. (“BP”) when it was actively pursuing sour natural gas prospects in the area. BP and its successor, Talisman Energy Inc. (“Talisman”) held onto [Read more]

Tangle Creek Energy Inc. – Non-Core Property Divestiture

Sayer Energy Advisors has been engaged to assist Tangle Creek Energy Ltd. (“Tangle Creek” or the “Company”) with the marketing of its non-core producing oil and natural gas properties in the Chip Lake, Leaman, McLeod, Pine Creek and Sinclair areas of Alberta, as well as its non-producing oil and natural gas properties in the Doe/Pouce Coupe, Grimshaw, Kakut, Pembina, Ricinus, Rycroft, Spirit River and Valhalla areas of Alberta (the “Properties”). Most of the Properties were acquired by Tangle [Read more]

TAQA North: Non-Core Property Divestiture – Drumheller, Northeast Alberta Areas

Sayer Energy Advisors has been engaged to assist TAQA North, an Alberta Partnership, by its Managing Partner TAQA North Ltd. (“TAQA” or the “Company”) with the sale of its oil and natural gas properties located in the Drumheller and Northeast Alberta areas of Alberta (the “Properties”). In the Drumheller area, TAQA has various royalty and working interests in 95 sections of land on which the Company holds royalty interests or working interest in numerous producing oil and natural gas wells.  [Read more]