RE:CPG has a buyer , hostile take over or not ! Asset rich !Seller for the company, not likeley
they were referred to “selling south Sask Assets” ?
21,625 boe/d of base decline of ~20%
Quote From ….. saskatchewan-information-memorandum-2019-01
- 21,625(1) boe/d of predominantly Mississippian light oil
- Over 100 mmboe of 2P reserves across ~800(2) net sections of land
- High working interest (86%) in primarily operated production
- Strong annualized free cash flow of over ~$180mm in 2018
- Shallow base decline of ~20% minimizes sustaining capital
- ~90% oil production supports strong netbacks
- Over 1,600 identified drilling locations (>500 booked)
- Development potential across multiple producing zones
- Significant seismic coverage over land base validates opportunity
- Large OOIP with low current recovery factors
- Proven EOR production with applications across packages
- Attractive optimization opportunities throughout portfolio
- Oil production receives favourable pricing at Cromer
- Established infrastructure and egress
- Not subject to government curtailments and have historically lower levels of apportionment
PACKAGE HIGHLIGHTS
Low decline oil production with waterflood expansion and optimization opportunities
- Low capital required to maintain current production and cash flow
VIEWFIELD CONVENTIONAL
- Large inventory of primary development locations in multiple conventional formations
- Low capital cost and strong production results drive excellent economic returns
-Mature and early stage waterfloods provide opportunity for continued development and optimization
PINTO
- Significant multi-zone growth potential with 700+ locations across Midale, Torquay and Bakken
-Advanced Midale waterflood development in the play (40+ Midale injectors)
-Recent offsetting results outperforming booked reserves due to technological advancements
- Established infrastructure to support multi-zone development
GREATER MANOR
- Robust inventory of development opportunities across several conventional oil pools and formations
- Strong infrastructure position with multiple egress and marketing options
GLEN EWEN
- Robust inventory of development opportunities across several conventional oil pools and formations
-Strong infrastructure position with multiple egress and marketing options
PIERSON
-Underexploited land base yields an exciting opportunity to grow production and reserves as displayed by emerging technologies and competitor advancements