Response Energy Corp.
Transaction Type
Sellers
Marketers
Basin
Western Canadian
Field
Rainbow area
Post Date
Close Date
Estimated Price
0MM
Description
Response Energy Corp. has retained Sayer Energy Advisors to sell interests in northwestern Alberta.
The package includes 100% working interest in one oil well in the Rainbow area. Production is 125 to 150 barrels per day targeting the Keg River pinnacle reef. The company believes production could be increased by speeding up the pumpjack or by installing a tubing pump or a submersible pump. Total proved reserves by Sproule Associates Ltd. as of August 2009 are 204,000 barrels of oil equivalent (324,000 proved plus probable).
The bid due date is April 15. The effective date is April 1. Contact Crystal Holdershaw, 403-266-6133, choldershaw@sayeradvisors.com.