TimberRock Energy Corp. has retained Sayer Energy Advisors to sell its undeveloped land in the Buck Lake and Willesden Green areas of northern Alberta.
The package includes working interests ranging from 26% to 100% in approximately 6,880 gross acres (5,905 net) of Crown P&NG rights at Willesden Green and Buck Lake. The lands are highly prospective for light oil production from the Cardium formation.
At Willesden Green, TimberRock holds varying working interests, ranging from 26% to 65%, in two and one-quarter sections of Crown P&NG rights. TimberRock is accepting cash offers only to purchase this property.
At Buck Lake, TimberRock holds a 100% working interest in eight and one-half sections of Crown P&NG rights. TimberRock is soliciting proposals to acquire/exploit the Cardium potential and separate proposals to acquire and exploit the deeper resource play potential. TimberRock will consider cash offers and joint venture proposals on each of its Buck Lake prospects.
The bid due date is Feb. 10. The effective date is Feb. 1. Contact Alan W. Tambosso, 403-266-6133, atambosso@sayeradvisors.com.
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