Front Range Resources Ltd. Property Divestiture

 

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Sayer Energy Advisors has been engaged to assist Front Range Resources Ltd. (“Front Range” or the “Company”) with the sale of certain properties located in the Bigstone and Wilson Creek areas of Alberta.

  • At Bigstone, Front Range holds an operated working interest in eight gross, three and a half net contiguous sections of P&NG rights in the Montney Formation; a 50% working interest in six gross sections of land and a 25% working interest in two gross sections of land (2,240 net acres) on which the Company operates three liquids-rich horizontal Montney natural gas wells and associated infrastructure.
  • Current production net to Front Range from the Bigstone property is estimated to be 29 boe/d, consisting of 117 Mcf/d of natural gas and nine barrels of natural gas liquids per day.
  • At Wilson Creek, Front Range holds an average 50% non-operated working interest in three sections of land and an additional average working interest of 39% (BPO) in two producing Belly River oil wells which were drilled in the fourth quarter of 2015.
  • Recent production net to Front Range from the Wilson Creek property is estimated to be approximately 15 barrels of oil and natural gas liquids per day and 32 Mcf/d of natural gas, or 20 boe/d.  A natural gas well which was drilled and completed on the Company’s land in a new Belly River channel pool in the fourth quarter of 2015 tested natural gas at an average rate of 1.1 MMcf per day.

To book an appointment to visit the Data Room or for more
information please contact:

Ryan Ferguson Young, Ben Rye, Tom Pavic, Jill Switzer 
or Alan Tambosso at 403.266.6133.

  • Sections:
  • M&A

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