The following information is provided by Sayer Energy Advisors. All inquiries on the following listings should be directed to Sayer Energy Advisors. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Asta Energy (Asta) is offering 100% working interest in approximately 15 LSDs located in the Kerrobert area of Saskatchewan. Asta believes the property to have approximately 30 million barrels (MMbbl) of thermal exploitable oil. Chapman Petroleum Engineering Ltd., a neutral third party, has performed an independent evaluation of the property, which estimated the property to have probable reserves of 20.5 MMbbl of heavy oil. In addition, the lot is estimated to have a net present value of $338.4 million using forecast pricing at a 10% discount. Asta Energy has retained Sayer Energy Advisors as its exclusive advisor relating to the transaction.

Thermal Oil in Saskatchewan
(Source: Sayer Energy Advisors)

Asset Highlights:

  • 100% working interest in approximately 15 LSDs located in the Kerrobert area of Saskatchewan.
  • Approximately 30 million barrels (MMbbl) of thermal exploitable oil.
  • Probable reserves of 20.5 MMbbl of heavy oil.
  • A net present value of $338.4 million using forecast pricing at a 10% discount.

Bids are due on June 15 at 12:00 p.m. For complete due diligence information on this property, please visit http://www.sayeradvisors.com/ or
contact Ben Rye, Sydney Birkett, or Tom Pavic by calling 403.266.6133.