Corse Energy Corp. Corporate Divestiture

Sayer Energy Advisors has been engaged to assist Corse Energy Corp. (“Corse” or the “Company”) with a corporate sales process. The Company provides an attractive acquisition opportunity with a focused asset base of existing low-decline, shallow natural gas and CBM production. Corse currently has a high LLR rating, no debt and over $800,000 in cash.

  • The Company’s operations are focused in the Huxley area of Alberta (the “Property”). The Property consists mainly of operated production and includes ownership in all associated pipelines and facilities ideally situated in the East Duvernay Shale Basin. This infrastructure provides the Company with low operating costs and minor third party processing income.
  • At Huxley, Corse holds working interests ranging from 50-100% (average 88%) in various shallow rights in 10.5 sections of Crown and Freehold land.
  • Corse operates 11 producing Mannville oil and natural gas wells and 15 producing CBM wells at Huxley. In addition, the Company has a 50% working interest in five producing wells operated by Pine Cliff Energy Ltd.
  • As of December 1, 2018, Corse had a positive deemed net asset value of $3.4 million (deemed assets of $6.0 million less liabilities of $2.6 million), with an LMR ratio of 2.31.
  • As of September 30, 2018, the Company had approximately $5.4 million in income tax pools, including $3.3 million in non-capital losses.

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.