BOE Report

Alan Tambosso

Canamax Energy Ltd.: Non-Core Property Divestiture – Brazeau River & Grande Prairie areas

Sayer Energy Advisors has been engaged to assist Canamax Energy Ltd. with the sale of certain non-core oil and natural gas properties located in the Brazeau River and Grande Prairie areas of Alberta (the “Properties”). Recent production net to Canamax from the Properties has averaged 560 boe/d, consisting of 2.1 MMcf/d of natural gas and 210 barrels of oil and natural gas liquids per day. At Brazeau River, Canamax holds a 100% working interest in three sections of land, on which it [Read more]

Duvernay Rights Divestiture – Highvale, Alberta Area: New Star Energy Ltd.

Sayer Energy Advisors has been engaged to assist New Star Energy Ltd. (“New Star” or the “Company”) with the sale of its prospective Duvernay oil rights located in the Highvale area of Alberta (the “Property”). In the Highvale area, New Star holds mainly 100% working interests in over 24,000 acres of undeveloped Crown and Freehold land which is prospective for Duvernay shale within the oil-rich fairway of the Duvernay Shale Resource Play.  Secondary oil potential exists in the Nisku [Read more]

Alberta Property Divestiture: Murray Lake (Medicine Hat) & Other Areas – Avalon Energy Ltd.

Avalon Energy Ltd (“Avalon” or the “Company”) has engaged Sayer Energy Advisors (“Sayer”) to assist it with the sale of the Company’s Alberta oil and natural gas assets (the “Properties”).  Avalon is a private company with a 28 year history of operating oil and natural gas properties in western Canada.  The Company has recently decided to focus its activities in Saskatchewan, and as a result, its Alberta properties are being sold at this time. The Properties, which are all Avalon-operated oil [Read more]

Duvernay Rights Divestiture – East Shale Basin, Alberta – Forge Oil & Gas Limited

Sayer Energy Advisors has been engaged to assist Forge Oil & Gas Limited (“Forge” or the “Company”) with the sale of its prospective Duvernay oil rights located in the Huxley and Bonnie Glen areas of Alberta (the “Properties”). The Huxley lands are located within the Ghost Pine Embayment and the Bonnie Glen lands are within the Westerdale Embayment (collectively the “East Shale Basins”) of Alberta.  Rights available consist of all P&NG from the Base of Mannville to Basement. In [Read more]

Corporate Divestiture: Jayhawk Resources Ltd.

Sayer Energy Advisors has been engaged to assist Jayhawk Resources Ltd. (“Jayhawk” or the “Company”) with a corporate sales process.  The Company provides an attractive acquisition opportunity with existing low-decline, shallow natural gas production.  Jayhawk currently has a high LLR rating, no debt, positive working capital and no severance obligations. Operated production from its main property in the Minnehik area of Alberta includes ownership in all associated facilities, which provides [Read more]

Receivership Sale: Lexin Resources Ltd. and affiliated entities

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 the oil and natural gas properties held by the Lexin Group (the “Properties”). The Properties include approximately 1,380 Lexin-licensed wells, 81 Lexin-licensed facilities, 236 [Read more]

B.C. Montney Acreage Divestiture: Yoho Resources Inc.

Sayer Energy Advisors has been engaged to assist Yoho Resources Inc. (“Yoho” or the “Company”) with the sale of its prospective operated Montney natural gas property located in the Two Rivers area of British Columbia (the “Property”).  In the Two Rivers area, Yoho holds working interests in and operates 22 sections of land (15.8 net sections), with 15.3 net sections of Montney rights that are prospective for liquids-rich natural gas. With positive indications of natural gas in a significant [Read more]

Carrick Petroleum Inc.: Strategic Alternatives Process

Sayer Energy Advisors has been engaged to assist Carrick Petroleum Inc. (“Carrick” 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, preferably public. Carrick is a private, junior exploration and development company which primarily focused on finding and exploiting oil and natural gas opportunities at the leading [Read more]

Receivership Sale: Anterra Energy Inc.

Sayer Energy Advisors and PricewaterhouseCoopers Corporate Finance Inc. have been engaged to jointly assist PricewaterhouseCoopers Inc. (“PwC”), in its capacity as court-appointed receiver and manager (the “Receiver”) of the assets of Anterra Energy Inc. (“Anterra” or the “Company”) with the sale of the oil and natural gas properties held by the Company (the “Properties”). Total gross production from the Properties has recently averaged approximately 375 boe/d (332 barrels of oil and natural [Read more]

Nexxtep Resources Ltd./WellStar Energy Corp.: Receivership Sale

Sayer Energy Advisors has been engaged to assist Grant Thornton Limited, in its capacity as court-appointed receiver of WellStar Energy Corp. (“WellStar”) and its wholly-owned subsidiary, Nexxtep Resources Ltd. (“Nexxtep”) (collectively the “Companies”) with the sale of the oil and natural gas properties held by the Companies (the “Properties”) or a restructuring of the Companies. The Properties are located in the McTaggart and Barthel areas of Saskatchewan and the Leduc North and Rosevear [Read more]