Talisman Energy Canada

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

Talisman Energy Canada has retained Sayer Energy Advisors to assist in the farmout of its undeveloped Dunvegan mineral rights in Alberta.

The package includes working interest in a Dunvegan oil pool on 20 gross sections (19.2 net) in the Chickadee area. The assets feature 10 producing wells.

The farmee will develop the balance of Talisman's prospective Dunvegan land holdings within the mapped boundary of the Dunvegan pool. The preferred farm-out terms include a minimum four-well horizontal drilling commitment, with four wells to be drilled by the end of 2011. By meeting the initial commitment terms, the farmee would preserve an option to continue drilling in 2012 and first-quarter 2013 to earn additional lands.

Production is approximately 150 to 160 barrels of oil per day.

The bid due date is April 28. Contact Alan W. Tambosso, 403-266-6133, atambosso@sayeradvisors.com.