BOE Report

Alan Tambosso

Rising Star Resources Ltd.: Non-Core Property Divestiture – Northwestern Alberta

Sayer Energy Advisors has been engaged to assist Rising Star Resources Ltd. (“Rising Star” or the “Company”) with the sale of its non-core oil and natural gas properties (the “Properties”).  The Properties are located in Whitelaw, North Sturgeon, Eaglesham and Fairview areas of northwestern Alberta. At Whitelaw, Rising Star holds a 100% working interest in ten sections of land on which there are seven natural gas wells which produce with a shallow decline.  Recent net production from the [Read more]

Response Energy Corporation – Non-Core Property Divestiture

Sayer Energy Advisors has been engaged to assist Response Energy Corporation (“Response” or the “Company”) with the sale of certain of its non-core properties (the “Properties”).  The Properties include producing properties in the Blackfoot, Lone Pine Creek, Ewing Lake and Wildmere areas West of the 4th Meridian and in the Garrington, Lanaway, Ferrier, Willesden Green, Pembina, Crystal, Brazeau, Highvale and Kaybob areas West of the 5th Meridian.  Non-producing properties in this offering [Read more]

Corinthian Oil Corp. – Strategic Alternatives Process

The Board of Directors of Corinthian Oil Corp. (“Corinthian” or the “Company”) has engaged Sayer Energy Advisors to assist it with managing a strategic alternatives process for the Company.  Potential outcomes of the process include, but are not limited to, a sale of the shares of the Company, a sale of the assets of the Company, or a refinancing of the Company.  The preferred outcome would be the sale of the Company “en bloc” in exchange for either cash or shares of the purchasing [Read more]

Receivership Sale: Quattro Oil and Gas Ltd.

Sayer Energy Advisors has been engaged to assist Hardie & Kelly Inc., in its capacity as Court appointed receiver and manager of Quattro Oil and Gas Ltd. (“Quattro” or the “Company”) in divesting the oil and natural gas properties held by Quattro (the “Properties”). The Properties are being offered for sale on an as-is where-is basis with no representations or warranties to be provided by the Receiver.  To the extent permitted by law and the Court, the Properties will be sold free and [Read more]

NAL Resources Limited: Non-Core Property Divestiture

Sayer Energy Advisors has been engaged to assist NAL Resources Limited (“NAL” or the “Company”) with the sale of certain of its non-core oil and natural gas properties located throughout western Canada (the “Properties”). Production from the Properties for the month of January 2017 averaged 2,442 boe/d, consisting of 925 barrels of oil and natural gas liquids per day and 9.1 MMcf/d of natural gas sales. Monthly net operating income from the Properties for the month of January 2017 was [Read more]

Crude Oil Pipeline Divestiture: Keyera Partnership

Keyera Partnership (“Keyera” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of its crude oil pipeline interests in the Red Earth Creek area of Alberta (the “Pipelines”). The Company is selling the Pipelines in order to focus its activities on its core business. The Pipelines are located approximately 370 km north of Edmonton, in the Red Earth Creek area of north central Alberta. Keyera holds a 64.441% working interest in and operates the Wabasca River [Read more]

Yoho Resources Inc.: Non-Core Property Divestiture – Saskatchewan, Alberta & B.C.

Sayer Energy Advisors has been engaged to assist Yoho Resources Inc. (“Yoho” or the “Company”) with the sale of its non-core oil and natural gas properties (the “Properties”).  The Properties are located in various areas of Saskatchewan, Alberta and British Columbia. Recent production net to Yoho from the Properties has averaged approximately 585 barrels of oil equivalent per day, with sales of 126 barrels of oil and natural gas liquids per day and 2.75 MMcf/d of natural gas. In [Read more]

Wilcox Energy Corp.: Wilson Creek, Alberta Property Divestiture

Wilcox Energy Corp. (“Wilcox” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of its non-operated Cardium oil property in the Wilson Creek area of Alberta (the “Property”).  The Company is selling the Property in order to focus its activities on its operated properties in other areas of Alberta. Wilcox holds a 33% working interest in the Property, on which there are currently three low decline Cardium oil wells which produce a total of approximately 48 barrels [Read more]

Corporate Divestiture: Logic Energy Ltd.

Sayer Energy Advisors has been engaged to assist Logic Energy Ltd. (“Logic” or the “Company”) with a corporate sales process.  Logic is a private corporation with 49 shareholders, very low overhead and only two full-time and three part-time employees. Logic currently produces approximately 336 barrels of oil equivalent per day (230 barrels of oil and natural gas liquids per day and 636 Mcf/d of natural gas) from its 100% working interest light oil and natural gas properties in the Hussar and [Read more]

Sinopec Canada: Non-Core Property Divestiture

Sinopec Canada (“Sinopec” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of several of its non-core properties in various areas of western Canada (the “Properties”).  The Properties are producing approximately 664 boe/d (2.72 MMcf/d of natural gas and 210 barrels of oil and natural gas liquids per day) net to Sinopec. In the Retlaw area, Sinopec is currently producing approximately 58 boe/d, with most of its production coming from its non-operated 64.9% working [Read more]