BOE Report

Alan Tambosso

Clearview Resources Ltd.: Non-Core Property Divestiture

Clearview Resources Ltd. (“Clearview” or the “Company”) has engaged Sayer Energy Advisors to assist it with the marketing of its non-operated oil and natural gas properties in various areas of Alberta (the “Properties”). Recent production net to Clearview from the Properties has averaged approximately 334 boe/d (193 barrels of oil and natural gas liquids per day and 847 Mcf/d of natural gas). In southern Alberta, the Company’s most significant properties are its non-operated working [Read more]

Freehold Royalties Ltd.: Unit & Working Interest Property Divestiture – W5 Alberta Area

Sayer Energy Advisors has been engaged to assist Freehold Royalties Ltd. (“Freehold” or the “Company”) with the sale of its working interest and non-operated unit interests in oil and natural gas properties in central Alberta (the “Properties”). The Properties represent an opportunity to acquire an oil-weighted, low-decline production stream with current annualized cash flow of approximately $4.1 million, and provides exposure to a number of operated and non-operated drilling [Read more]

Non-Core Property Divestiture: Rife Resources Ltd. – Wilson Creek & Buck Lake, Alberta Areas

Sayer Energy Advisors has been engaged to assist Rife Resources Ltd. (“Rife” or the “Company”) with the sale of its oil and natural gas properties located in the Wilson Creek and Buck Lake areas of Alberta (the “Properties”). Recent production (October/November 2016) net to Rife from the Properties has averaged 102 boe/d, consisting of 57 barrels of oil and natural gas liquids per day and 270 Mcf/d of natural gas sales.  Current annualized operating cash flow from the Properties is [Read more]

Shackleton 2011 Limited Partnership – Shackleton, Sask. Property Divestiture

Sayer Energy Advisors has been engaged to assist the Shackleton 2011 Limited Partnership (the “Company”) with the divestiture of its operated, high working interest Milk River natural gas property located in the Shackleton area of Saskatchewan (the “Property”). At Shackleton, the Company holds an average 99.2% working interest in 102 long-life, low decline Milk River natural gas wells which are currently producing approximately 2.8 MMcf/d (467 boe/d).  Recent operating income from the [Read more]

Montney/Doig Resource Play: Birchcliff Energy Ltd. – Progress and Valhalla Areas

Birchcliff Energy Ltd. (“Birchcliff” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of its working interest oil and natural gas properties in the Valhalla and Progress areas of Alberta (the “Properties”). Birchcliff has a significant acreage position in each area that is highly prospective for horizontal unconventional oil and liquids-rich natural gas production from the Montney/Doig resource play.  The Company holds a 100% working interest in 20.75 contiguous [Read more]

Corporate Divestiture: Owl River Resources Ltd.

Sayer Energy Advisors has been engaged to assist Owl River Resources Ltd. with the sale of the shares of the company. Owl River is a private corporation with one shareholder, no severance obligations, minimal overhead (office lease of approximately $1,600/month until October 2018) and tax pools totaling approximately $302,617 (as of June 30, 2016).  The Company will have no debt or working capital at closing. The shareholder would prefer an all cash transaction but would consider alternate [Read more]

Non-Core Property Divestiture: Standard Exploration Ltd. – Chin Coulee and Claresholm areas

Sayer Energy Advisors has been engaged to assist Standard Exploration Ltd. (“Standard” or the “Company”) with the divestiture of its non-core oil properties located in the Chin Coulee and Claresholm areas of southern Alberta (the “Properties”). At Chin Coulee, Standard holds a 100% working interest in one section of land on which there are three heavy oil wells producing approximately 51 barrels of oil per day from the Sawtooth Formation.  Monthly operating income from Chin Coulee has [Read more]

Property Divestiture: C Group Energy Inc. – Niton/McLeod Area

Sayer Energy Advisors has been engaged to assist C Group Energy Inc. (“C Group” or the “Company”) with the divestiture of its oil and natural gas property located in the Niton/McLeod area of Alberta (the “Property”). Recent production (three months ended October 31, 2016) net to C Group from the Property has averaged 195 boe/d, consisting of 88 barrels of oil and natural gas liquids per day and 645 Mcf/d of natural gas sales. C Group holds working interests ranging from 45-100%, mainly [Read more]

Property Divestiture: C Group Energy Inc. – Niton/McLeod Area

Sayer Energy Advisors has been engaged to assist C Group Energy Inc. (“C Group” or the “Company”) with the divestiture of its oil and natural gas property located in the Niton/McLeod area of Alberta (the “Property”). Recent production (three months ended October 31, 2016) net to C Group from the Property has averaged 195 boe/d, consisting of 88 barrels of oil and natural gas liquids per day and 645 Mcf/d of natural gas sales. C Group holds working interests ranging from 45-100%, mainly [Read more]

Property Divestiture: C Group Energy Inc.

Sayer Energy Advisors has been engaged to assist C Group Energy Inc. (“C Group” or the “Company”) with the divestiture of several oil and natural gas properties which are located in various areas of Alberta. C Group is offering for sale its working interests in producing oil and natural gas properties in the Garrington, Viking, Buck Lake, Pembina, Skaro and Meyer Lake areas of Alberta (the “Properties”).  The Company operates the majority of the Properties, generally holding a high working [Read more]