True Energy Trust

Transaction Type
Sellers
Marketers
Post Date
Estimated Price
MM
Description

True Energy Trust has retained Collins Barrow Securities Inc. to sell its Hartaven and Handsworth oil properties in southeast Saskatchewan. The Hartaven property has current production of approximately 400 barrels of oil per day, while the Handsworth property currently produces approximately 15 barrels of oil per day. The properties have medium- to long-life reserve lives and provide excellent netbacks. Both properties have focused light oil production in the Williston Basin of southeast Saskatchewan with 16 locations identified to drill with high initial rates. The Hartaven property includes a 50% average working interest, while the Handsworth property includes an 8% average working interest. For more information, contact Darryl Derouin, 403-298-1515.