Marquee Energy Ltd.
Marquee Energy Ltd. has retained Sayer Energy Advisors to market its non-core operated and non-operated working interests and royalty interests in multiple oil and natural gas properties in Saskatchewan and Alberta.
The properties have been grouped into four geographical packages, Saskatchewan Properties, W4 Properties, W5 Properties and W6 Properties merely for ease of review. There is no requirement to present offers on an entire geographical package.
Recent production net to Marquee from the properties has averaged 754 barrels of oil equivalent (BOE) per day, consisting of 330 barrels of oil and natural gas liquids per day and 2.5 million cubic feet (MMcf) per day of natural gas sales.
Sproule Associates Ltd. estimates that the properties contain remaining reserves of approximately 3.1 million barrels of oil and natural gas liquids and 20.3 Bcf of natural gas, for a total of 6.4 million BOE. The reserve reports are effective Dec. 31, with an estimated net present value of approximately $60.4 million using Sproule’s Dec. 31, forecast pricing at a 10% discount.
The deadline for submitting cash bids for the properties is noon on Thursday, June 27, 2013. Marquee Energy will consider offers to purchase the individual properties or multiple properties; however, it will not consider offers on portions of the individual properties.
For further information or to book a data room visit please contact Alan Tambosso, president of Sayer Energy Advisors at 403-266-6133.