RE:Broadview Selling Marwayne Assets Thanks Energee for finding that.
Axe is keeping their production data very secretive. If you want to find out production data from the farm in you have to sign a confidentiality agreement. Also find it interesting that Axe has an agreement for 3 locations.
This sounds quite positive to me that they want to sell because they see value. If there was no value coming from the farm in and technology from these leases they would be worthless. Obviously they see value now.
Here is one paragraph from the Broadview nr.
Additionally, the Company has a gross overriding royalty interest (“GORR”) of 7.5% on three wells operated by Acceleware Ltd. which are part of a farm-out agreement. On December 20, 2022 Acceleware announced it had received an additional $900,000 in grant funding from Alberta Innovates to be used for a workover at Marwayne. Details on production and Broadview’s royalty income from the wells will be made available in the virtual data room for parties that execute a confidentiality agreement.