WCSB Royalty Income Investments

Transaction Type
Sellers
Marketers
Basin
Western Canadian Sedimentary
Post Date
Close Date
Estimated Price
MM
Description

WCSB Royalty Income Investments has retained RBC Capital Markets to sell certain assets in British Columbia, Alberta, Saskatchewan and Manitoba.

The package includes royalty interest in 14,200 gross acres featuring 40 producing wells in the four provinces through the sale of three limited partnerships; WCSB GORR Income Participation 2008 Corp., WCSB Oil and Gas 2008-II Corp. and WCSB Oil and Gas 2009 Corp.

The assets are energy-focused income funds with a mandate to provide Canadian investors with income, potential capital appreciation, liquidity and up to a 100% tax deduction through the ownership of royalties on producing entities.

Royalty interest production is 105 barrels of liquids and 1.2 million cubic feet of gas for a total 300 barrels of oil equivalent per day. Proved reserves are 567,000 barrels equivalent (553,000 proved developed producing) and proved and probable reserves are 748,000 barrels equivalent.

The bid due date is March 15. The effective date is April 1. Contact Tom Caldwell, 403-299-8453, tom.r.caldwell@rbccm.com.