Sucro Ltd V.SUGR.WT

Primary Symbol: V.SUGR Alternate Symbol(s): SUGRF

Consumer Defensive Food Distribution

Sucro Limited is an integrated sugar company focused on serving the North American market. It offers SweetLife by Sucro Organic Cane Sugar, which is a new granulated organic cane sugar. With SweetLife by Sucro, it offers expanded industry solutions across multiple platforms, including facilities for processing and warehousing. SweetLife by Sucro also offers end-product conventional cane, organic sugar and other specialty sweetener products. It provides a variety of refining and sales of conventional and organic sugars, including Granulated Sugar and Liquid Sucrose. Its integrated supply chain includes refined sugar from its own refineries in the United States and Canada, along with sourcing raw and refined sugar from countries throughout Latin America and delivering to customers in North America and the Caribbean. It has established a production, sales and sourcing network throughout North America with two cane sugar refineries and an additional value-added processing facility.

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Sucro Ltd

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Post by Dambachon Nov 15, 2018 11:22am

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Post# 28980042

Relentless Resources Ltd. - Mannville Oil Opportunity

November 15, 2018

SugarBud Craft Growers Corp. ("SugarBud") is seeking offers to purchase its oil and gas assets, held in a subsidiary and operated as Relentless Resources Ltd. ("Relentless", or the "Company") and has retained Peters & Co. Limited ("Peters & Co.") as its exclusive financial advisor to assist in this process. Confidential information will be made available to parties who execute a confidentiality agreement.

Proposals will be due at noon on December 18, 2018.

The assets are held in a subsidiary and being marketed on an en bloc basis with preference being given to proposals that include all assets offered for sale.

HIGHLIGHTS

Development Ready Mannville Oil Opportunity: High OOIP of ~35 MMbbl with up to 8 m of pay >15% porosity, 4% booked recovery on primary production (1.5% recovered to date) with other pools in the region forecasted to recover ~10%. The Heathdale Glauconitic pool is ready for the deployment of development capital having in place a central oil battery, gas gathering pipelines and drilling locations supported by a third party evaluator.
Established Production Base: ~120 boe/d (62% oil) of production (January-August 2018), focused on Glauconitic oil production located in the Heathdale area.
High Corporate Netbacks: Average netback of ~$31/boe (January-August 2018).
Availability of Corporate Tax Pools: Certain tax pools could be made available to a purchaser, totalling $9.8 MM.