What's in the pipeline??? Sproule Associates Limited (“Sproule”) prepared an independent reserves evaluation of Razor’s properties as part of the Company’s year-end reporting (the “Sproule Report”). The Sproule Report is effective December 31, 2019 using Sproule’s December 31, 2019 forecast pricing. Sproule estimates that, as of December 31, 2019, the Properties contained remaining proved plus probable reserves of 1.5 million barrels of oil and natural gas liquids and 4.6 Bcf of natural gas (2.3 million boe), with an estimated net present value of $34.9 million using forecast pricing at a 10% discount.
Summary information relating to this divestiture is attached to this correspondence. More specific information is available at www.sayeradvisors.com. A package of more detailed confidential information will be sent to any party executing a Confidentiality Agreement (copy attached).
Cash offers relating to this divestiture will be accepted until 12:00 pm on Thursday, December 17, 2020.
https://boereport.com/2020/11/16/razor-energy-corp-non-core-property-divestiture/