Rising Star Resources Ltd. Property Divestiture
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Sayer Energy Advisors has been engaged to assist Rising Star Resources Ltd. (“Rising Star” or the “Company”) with the sale of certain of its non-core oil and natural gas properties located in the 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 Whitelaw property has averaged approximately 535 Mcf/d of natural gas sales with minor volumes of natural gas liquids (90 boe/d).
- Rising Star holds a 100% working interest in 38 sections of land at North Sturgeon located within a fairway with proven multi-zone development potential. Rising Star holds a 100% working interest in 2.25 sections of land at Eaglesham and a 100% working interest in three sections of land and a royalty interest on two additional sections of land at Fairview. There is no production currently associated with the Eaglesham, Fairview or North Sturgeon properties.
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