The following information is provided by Sayer Energy Advisors. All inquiries on the following listings should be directed to Sayer Energy Advisors. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Asta Energy (Asta) is offering 100% working interest in approximately 15 LSDs located in the Kerrobert area of Saskatchewan. Asta believes the property to have approximately 30 million barrels (MMbbl) of thermal exploitable oil. Chapman Petroleum Engineering Ltd., a neutral third party, has performed an independent evaluation of the property, which estimated the property to have probable reserves of 20.5 MMbbl of heavy oil. In addition, the lot is estimated to have a net present value of $338.4 million using forecast pricing at a 10% discount. Asta Energy has retained Sayer Energy Advisors as its exclusive advisor relating to the transaction.
Asset Highlights:
- 100% working interest in approximately 15 LSDs located in the Kerrobert area of Saskatchewan.
- Approximately 30 million barrels (MMbbl) of thermal exploitable oil.
- Probable reserves of 20.5 MMbbl of heavy oil.
- A net present value of $338.4 million using forecast pricing at a 10% discount.
Bids are due on June 15 at 12:00 p.m. For complete due diligence information on this property, please visit http://www.sayeradvisors.com/ or
contact Ben Rye, Sydney Birkett, or Tom Pavic by calling 403.266.6133.
Recommended Reading
CGG to Change Name to Viridien
2024-05-17 - The company’s new ticker symbol will be “VIRI” and listed on Euronext Paris, effective May 21.
Sector’s Appetite for Capital Remains Amid Consolidation Frenzy, Panelists Say
2024-05-17 - There’s still an appetite for capital in the oil and gas sector—companies just need to think creatively to find it, a number of panelists said during SUPER DUG in Fort Worth, Texas.
SilverBow Resets Shareholder Meeting After $2.1B Crescent Deal
2024-05-16 - SilverBow Resources said it will adjourn its May 21 shareholders’ meeting until May 29 following Crescent Energy’s agreement to buy the Eagle Ford operator.
Blue Racer Midstream Prices Senior Notes Offering
2024-05-15 - Net proceeds from the sale of senior notes will be used to pay off debt and other general corporate purposes.
Petrobras CEO Prates to Step Down
2024-05-15 - Brazil’s President Luiz Inácio Lula da Silva has requested that Petrobras CEO Jean Paul Prates resign following a dispute over dividend payments.