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.
Outpost Energy has retained Sayer Energy Advisors for a corporate sale process on properties in Alberta.
Opportunity highlights:
- Forecasted average daily sales production net to Outpost from the Properties on a proved developed producing basis for the year ended Dec. 31,2024 is approximately 395 boe/d, consisting of approximately 2.0 MMcf/d of natural gas and 57 bbl/d of oil and natural gas liquids.
- Forecasted operating income net to Outpost on a proved developed producing basis for the year ended December 31, 2024 is approximately $1.4 million.
- The Company has minimal bank debt and positive working capital. As at Dec. 31, 2022, Outpost had total unused Canadian income tax pools of approximately $483,000.
- As of Feb. 3, 2024, Outpost had a deemed net asset value of $6.4 million (deemed assets of $11.1 million and deemed liabilities of $4.8 million), with an LMR ratio of 2.33.
Bids are due April 4 at noon. For complete due diligence, please visit sayeradvisors.com, or email Tom Pavic, president, at TPavic@sayeradvisors.com.
Recommended Reading
E&P Highlights: April 29, 2024
2024-04-29 - Here’s a roundup of the latest E&P headlines, including a new contract award and drilling technology.
Kosmos Energy’s RBL Increased, Maturity Date Extended
2024-04-29 - Kosmos Energy’s reserve-based lending facility’s size has been increased by about 8% to $1.35 billion from $1.25 billion, with current commitments of approximately $1.2 billion.
Barnett & Beyond: Marathon, Oxy, Peers Testing Deeper Permian Zones
2024-04-29 - Marathon Oil, Occidental, Continental Resources and others are reaching under the Permian’s popular benches for new drilling locations. Analysts think there are areas of the basin where the Permian’s deeper zones can compete for capital.
NOV Announces $1B Repurchase Program, Ups Dividend
2024-04-28 - NOV expects to increase its quarterly cash dividend on its common stock by 50% to $0.075 per share from $0.05 per share.
Repsol to Drop Marcellus Rig in June
2024-04-28 - Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.