PP

Vermilion Alberta

Producing Properties

All Standard Disclaimers Apply & Seller Rights Retained


Vermilion Alberta

WILDMERE TWP 50 W4M

Small Heavy Oil Property

SPARKY C FORMATION

Quarter Section

2-Sparky Oil Wells

Upside in Sparky D & Colony

Single Well Double Tank Batteries

100% OPERATED WI FOR SALE

Average Daily Production: 21 BOPD

Total Proved Reserves: 215 MBO

Annual Net Cash Flow: ~$35,000

Detailed Operating Improvement Plan

LLR 5.29

OFFERS FOR CORPORATE OR ASSET SALE

CONTACT ENERGY ADVISORS GROUP

PP 11911 DV

Summary
611890 Alberta Inc. has engaged Energy Advisors Group to find a Buyer for the Corporation or their assets near the town of Vermilion Alberta in Wildmere.

The property consists of one-quarter section and 2 Sparky Oil Wells, one producing, the other awaiting a repair to a leak in the tubing. The well has been shutin since May 2019. The Enertrain 11D Wildmere 11-33-050-06 well was completed in the Sparky C member while the Enertrain 14A Wildmere 14-33-050-06 well was completed in the Sparky D member. The operation is cash flow positive. The repair to the tubing leak in 14-33 could add an additional 10 bbls/d of production.

Operating Enhancements:
The two wells produce into single well double tank batteries heated with propane and wellhead gas allowing pipeline quality oil to be delivered by rail or pipeline. Water is currently shipped to third party disposal.
There is the potential to recomplete 14-33 as a Colony Gas Well in order to produce gas to fuel the lease replacing the use of propane and lowering operating costs. The excess gas can be sold to the Town of Vermilion. Drilling and equipping a well for an area water disposal well would cost $250,000 and all allow disposal of all lease water. The disposal well would support enhanced recovery options and an expanded operating area.

Corporation Purchase Incentives:
The purchase of 611890 Alberta Inc includes Canadian Energy Expenses, Canadian Oil & Gas Property Expenses and losses that are carried forward. In addition, the Corporation has Operating Licenses for both Alberta and Saskatchewan. The company has a Deemed Assets of $1,129,918.84, Deemed Liabilities of $213,524.00 and Net Deemed Assets of $916,394.84 placing the LLR at 5.29 (as of January 2020).

611890 ALBERTA LTD.

TO LEARN MORE
Energy Advisors Group (Canada)
Mr. Steve Henrich
Canadian Representative
1580, 727 - 7th Avenue SW
Calgary, AB T2P 0Z3
---Direct: 403-294-1906 Cell: 403-874-7801
---Email: [email protected]

Questions Regarding This Asset? Email Steve Henrich or call EAG at 403-294-1906
Virtual Data Room

WILDMERE TWP 50 W4M

Small Heavy Oil Property

SPARKY C FORMATION

Quarter Section

2-Sparky Oil Wells

Upside in Sparky D & Colony

Single Well Double Tank Batteries

100% OPERATED WI FOR SALE

Average Daily Production: 21 BOPD

Total Proved Reserves: 215 MBO

Annual Net Cash Flow: ~$35,000

Detailed Operating Improvement Plan

LLR 5.29

OFFERS FOR CORPORATE OR ASSET SALE

CONTACT ENERGY ADVISORS GROUP

PP 11911 DV

Summary
611890 Alberta Inc. has engaged Energy Advisors Group to find a Buyer for the Corporation or their assets near the town of Vermilion Alberta in Wildmere.

The property consists of one-quarter section and 2 Sparky Oil Wells, one producing, the other awaiting a repair to a leak in the tubing. The well has been shutin since May 2019. The Enertrain 11D Wildmere 11-33-050-06 well was completed in the Sparky C member while the Enertrain 14A Wildmere 14-33-050-06 well was completed in the Sparky D member. The operation is cash flow positive. The repair to the tubing leak in 14-33 could add an additional 10 bbls/d of production.

Operating Enhancements:
The two wells produce into single well double tank batteries heated with propane and wellhead gas allowing pipeline quality oil to be delivered by rail or pipeline. Water is currently shipped to third party disposal.
There is the potential to recomplete 14-33 as a Colony Gas Well in order to produce gas to fuel the lease replacing the use of propane and lowering operating costs. The excess gas can be sold to the Town of Vermilion. Drilling and equipping a well for an area water disposal well would cost $250,000 and all allow disposal of all lease water. The disposal well would support enhanced recovery options and an expanded operating area.

Corporation Purchase Incentives:
The purchase of 611890 Alberta Inc includes Canadian Energy Expenses, Canadian Oil & Gas Property Expenses and losses that are carried forward. In addition, the Corporation has Operating Licenses for both Alberta and Saskatchewan. The company has a Deemed Assets of $1,129,918.84, Deemed Liabilities of $213,524.00 and Net Deemed Assets of $916,394.84 placing the LLR at 5.29 (as of January 2020).

611890 ALBERTA LTD.

TO LEARN MORE
Energy Advisors Group (Canada)
Mr. Steve Henrich
Canadian Representative
1580, 727 - 7th Avenue SW
Calgary, AB T2P 0Z3
---Direct: 403-294-1906 Cell: 403-874-7801
---Email: [email protected]

Questions Regarding This Asset? Email Steve Henrich or call EAG at 403-294-1906