Javelin Energy Inc.

Transaction Type
Sellers
Marketers
Post Date
Close Date
Estimated Price
0MM
Description

Javelin Energy Inc. has retained CB Securities Inc. to sell certain interests in northwestern Alberta. The assets include 100% working interests in 10 sections of land on the Clear Prairie property in Townships 90 and 91, Ranges 11 and 12 W6M. Production from all but one well was shut in on Dec. 17 when Javelin's relationship with its field operator was terminated. Javelin has since contracted with a new operator and production began April 15. Net production after restarting is more than 400 barrels of oil equivalent per day (2.25 million cubic feet gas; 35 barrels of liquids) from seven wells producing from the Montney, Baldonnel, Gething, Bluesky, and Notikewin formations. Behind pipe gas reserves have been tested in the Belloy, Doig, Charlie Lake, and Upper Gething formations. The Baldonnel and Charlie Lake formations also produce oil. Additional upside includes three 100% working interest locations with multiple zone gas potential and the recompletion of 10 zones in existing wells. The bid due date is June 9. Contact Darryl Derouin, 403-781-7041.