Sayer Energy Advisors has been engaged to assist Grant Thornton Limited, in its capacity as court-appointed receiver and manager of Forent Energy Ltd. (“Forent” or the “Company”) with the sale of the oil and natural gas properties held by Forent.

• Forent currently produces approximately 126 boe/d (87 barrels of oil and ngls per day and 231 Mcf/d of natural gas) primarily from its main properties in the Provost, Twining and Wayne areas of Provost.
  
• The Company also has an undeveloped acreage position in the Heathdale area. Recent drilling activity at Heathdale has focused on horizontal wells in the Glauconitic and Detrital formations.
  
• In the Montgomery area, Forent has a large proprietary 3D seismic survey which it shot on the strength of a high impact exploration prospect targeting light oil in a naturally fractured Second White Speckled Shale reservoir.
  
• Recent net operating income from Forent`s working interest properties has averaged approximately $44,000 per month and recent royalty revenue has averaged approximately $2,200 per month.
  

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

Tom Pavic, Ben Rye, Mark Zalucky,
Grazina Palmer, Ryan Ferguson Young
or Alan Tambosso at 403.266.6133.