Offering Details
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Current Offerings / Rand Resources Inc.
Rand Resources Inc.
Property DivestitureBid Deadline: October 30, 2025
12:00 PM
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OVERVIEW
Rand Resources Inc. (“Rand” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale or farmout of its oil and natural gas interests located in the Baptiste, Gold Creek and Kaybob areas of Alberta (the “Properties”).
The Properties consist of predominantly 100% working interests in Crown mineral rights with prospective drilling locations for oil and natural gas primarily in the Montney, Duvernay, and Mannville formations.
At Gold Creek, Rand has a 100% working interest in 31 sections of land with Montney rights. These sections are highly prospective for multiple pay sequences in the Montney Formation that is within the volatile oil window.
At Baptiste, Rand has a 100% working interest in 5.5 sections of land. These lands are highly prospective for multiple pay sequences in the Mannville stack formations.
At Kaybob, Rand has a 100% working interest in 1.5 sections of land with P&NG rights to the Duvernay Formation. These lands are prospective for oil production from the Duvernay Formation.
Further geological details of the Properties will be available in the virtual data room for parties that execute a confidentiality agreement.
The Properties consist of predominantly 100% working interests in Crown mineral rights with prospective drilling locations for oil and natural gas primarily in the Montney, Duvernay, and Mannville formations.
At Gold Creek, Rand has a 100% working interest in 31 sections of land with Montney rights. These sections are highly prospective for multiple pay sequences in the Montney Formation that is within the volatile oil window.
At Baptiste, Rand has a 100% working interest in 5.5 sections of land. These lands are highly prospective for multiple pay sequences in the Mannville stack formations.
At Kaybob, Rand has a 100% working interest in 1.5 sections of land with P&NG rights to the Duvernay Formation. These lands are prospective for oil production from the Duvernay Formation.
Further geological details of the Properties will be available in the virtual data room for parties that execute a confidentiality agreement.
Overview Map Showing the Location of the Divestiture Properties
LMR Summary
Rand does not own an interest in any wells or facilities.
Seismic Overview
The Company does not have ownership in any seismic data relating to the Properties.
Reserves Overview
Rand does not have a third-party reserve report.
Rand does not own an interest in any wells or facilities.
Seismic Overview
The Company does not have ownership in any seismic data relating to the Properties.
Reserves Overview
Rand does not have a third-party reserve report.
GOLD CREEK
Township 69-71, Range 2-4 W6
At Gold Creek, Rand has a 100% working interest in 31 sections of land with Montney rights. These sections are highly prospective for multiple pay sequences in the Montney Formation that is within the volatile oil window.
The Company believes there is recoverable reserves of as much as 900,000 barrels of liquids and 6 Bcf of natural gas per section on its Gold Creek lands.
Rand’s lands at Gold Creek can be validated by drilling 1 horizontal well. The lands have remaining tenure of approximately 2-2.5 years.
At Gold Creek, Rand has a 100% working interest in 31 sections of land with Montney rights. These sections are highly prospective for multiple pay sequences in the Montney Formation that is within the volatile oil window.
The Company believes there is recoverable reserves of as much as 900,000 barrels of liquids and 6 Bcf of natural gas per section on its Gold Creek lands.
Rand’s lands at Gold Creek can be validated by drilling 1 horizontal well. The lands have remaining tenure of approximately 2-2.5 years.
Gold Creek Montney
Rand has a 100% working interest in 31 sections of Montney rights in the Gold Creek area. These lands are situated in an area with prolific land activity and offsetting development in the Gold Creek and Gold Creek West Montney by Whitecap Resources Inc. (formerly Veren Inc.). There is also a recently proposed pipeline by NTE Energy Canada Ltd. to the south of the property.
The following map shows offsetting Whitecap West Gold Creek Montney horizontal wells.
Rand has a 100% working interest in 31 sections of Montney rights in the Gold Creek area. These lands are situated in an area with prolific land activity and offsetting development in the Gold Creek and Gold Creek West Montney by Whitecap Resources Inc. (formerly Veren Inc.). There is also a recently proposed pipeline by NTE Energy Canada Ltd. to the south of the property.
The following map shows offsetting Whitecap West Gold Creek Montney horizontal wells.
The success of recent Gold Creek wells is pushing non-stacked development NW along the Montney fairway. Whitecap’s recent wells along this fairway are using a new fracing technique that allows for tight horizontal spacing.
A recently drilled pad by Whitecap using this new plug and perf technique at West Gold Creek was brought on stream with an average peak 30-day production rate of approximately 1,800 boe/d per well (85% liquids), as shown in the following group plot of these five wells in Section 11-069-03W6 and Section 14-069-03W6.
A recently drilled pad by Whitecap using this new plug and perf technique at West Gold Creek was brought on stream with an average peak 30-day production rate of approximately 1,800 boe/d per well (85% liquids), as shown in the following group plot of these five wells in Section 11-069-03W6 and Section 14-069-03W6.
The following cross-section shows the continuation of the hydrocarbon bearing Montney reservoir through the Company’s lands at Gold Creek, consisting of up to a 79-metre-thick pay zone.
The cross-section through Rand’s lands show similar log response to wells in the heart of production to an analogue to the south. Logs from control wells near Rand’s lands point to volatile oil in place with a comparable permeability reservoir.
Regional Cross-Section
Gold Creek West to Rand Lands A-A'
Gold Creek West to Rand Lands A-A'
BAPTISTE
Township 69, Range 21-22 W4
At Baptiste, Rand has a 100% working interest in 5.5 sections of land. These lands are highly prospective for multiple pay sequences in the Mannville stack formations. The lands have remaining tenure of approximately 3 years with the exception of the east half of Section 16-069-22W4, which expires on April 2, 2026.
At Baptiste, Rand has a 100% working interest in 5.5 sections of land. These lands are highly prospective for multiple pay sequences in the Mannville stack formations. The lands have remaining tenure of approximately 3 years with the exception of the east half of Section 16-069-22W4, which expires on April 2, 2026.
There has been land sale activity in the greater Baptise area, including recent land sales immediately offsetting the Company’s lands by land brokers and Clear North Energy Corp. and also by Canadian Natural Resources Limited to the north in the Gambler area.
The following map shows the Upper Mannville analogue pools in the greater Baptiste area.
The following map shows the Upper Mannville analogue pools in the greater Baptiste area.
The Company has identified a Grand Rapids channel as the primary target on its lands at Baptiste, as shown in the following net pay map.
Baptiste East
Grand Rapids Net Pay (m)
Grand Rapids Net Pay (m)
As shown in the previous map, the Grand Rapids pool is bounded by the size of the post depositional Colony channel on the east side of Section 06-069-21W4. The general structural trends up-dip from the SW to the NE.
Baptiste
Grand Rapids Subsea Structure (mSL)
Grand Rapids Subsea Structure (mSL)
In the greater Baptiste area, the Grand Rapids Formation is found at a depth of approximately 400-450 metres true vertical depth, with the deepest depth showing the best pressure.
The Grand Rapids channel shows excellent reservoir quality, with porosity between 17%-38%, and permeability of up to 1 Darcy. The oil in place in the Grand Rapids channel is between 17-18° API.
The stratigraphic cross-section C-C’ along strike shows the presence of the Grand Rapids pool over the Company’s lands.
The Grand Rapids channel shows excellent reservoir quality, with porosity between 17%-38%, and permeability of up to 1 Darcy. The oil in place in the Grand Rapids channel is between 17-18° API.
The stratigraphic cross-section C-C’ along strike shows the presence of the Grand Rapids pool over the Company’s lands.
Grand Rapids Cross-Section C-C'
The cross-section C-C’ is hung on the top of the Waseca/Sparky and illustrates the Company’s interpretation of the Grand Rapids as the erosional outlier underneath the Mannville unconformity. The Grand Rapids is unconformably overlain by the Joli Fou marine shale.
The Company has identified 54 potential horizontal drilling locations over 2 development areas, Baptiste East, and Baptiste West as shown in the following net pay maps.
The Company has identified 54 potential horizontal drilling locations over 2 development areas, Baptiste East, and Baptiste West as shown in the following net pay maps.
Baptiste East
Grand Rapids Net Pay (m)
32 Horizontal Locations
Baptiste West
Grand Rapids Net Pay (m)
22 Horizontal Locations
Grand Rapids Net Pay (m)
32 Horizontal Locations
Baptiste West
Grand Rapids Net Pay (m)
22 Horizontal Locations
The Company has also identified a Colony channel as a potential target in the eastern portion of the property, as shown in the following isopach map.
KAYBOB
Township 60, Range 16-17 W5
At Kaybob, Rand has a 100% working interest in 1.5 sections of land with P&NG rights to the Duvernay Formation. These lands are prospective for oil production from the Duvernay Formation and have remaining tenure of approximately 2.5 years.
These lands are situated in an area with prolific land activity and offsetting development in the Kaybob Duvernay by Canadian Natural and Whitecap.
Whitecap drilled a multi-well Duvernay pad in the volatile oil window in 2024 which it brought on at a peak 30-day production rate of approximately 1,550 boe/d per well (75% liquids) and has continued drilling with subsequent pads and further optimization of the completions design.
At Kaybob, Rand has a 100% working interest in 1.5 sections of land with P&NG rights to the Duvernay Formation. These lands are prospective for oil production from the Duvernay Formation and have remaining tenure of approximately 2.5 years.
These lands are situated in an area with prolific land activity and offsetting development in the Kaybob Duvernay by Canadian Natural and Whitecap.
Whitecap drilled a multi-well Duvernay pad in the volatile oil window in 2024 which it brought on at a peak 30-day production rate of approximately 1,550 boe/d per well (75% liquids) and has continued drilling with subsequent pads and further optimization of the completions design.
PROCESS & TIMELINE
Sayer Energy Advisors is accepting proposals relating to this process until 12:00 pm on Thursday October 30, 2025. Rand's preference would be a cash sale of the Properties.
Sayer Energy Advisors does not conduct a "second-round" bidding process; the intention is to attempt to conclude
transaction(s) with the party(ies) submitting the most acceptable proposal(s) at the conclusion of the process.
transaction(s) with the party(ies) submitting the most acceptable proposal(s) at the conclusion of the process.
Sayer Energy Advisors is accepting proposals from interested parties until
noon on Thursday October 30, 2025.
NOTE REGARDING A SAYER PROCESS
On each and every offering brochure generated by Sayer, you will note the sentence “Sayer Energy Advisors does not conduct a “second-round” bidding process; the intention is to attempt to conclude a sale of the Properties with the party submitting the most acceptable proposal at the conclusion of the process.” What this means is that Sayer will not go back to multiple parties at the same time after bids are received, asking them all for a second bid. We determine which party submitted the most acceptable proposal and then we attempt to negotiate acceptable terms with that party in a “one-off” situation.
If the process involves a cash sale of a property or company and the party which submitted the most acceptable proposal has met our client’s threshold value, that offer will be accepted. If this proposal does not meet our client’s threshold value, then we will advise that party that the offer is not quite what our client was expecting, and we will ask them to increase the offer. If that offer is not acceptable to our client, we will then move down to the party which submitted the next most acceptable proposal and we will then work with that party to attempt to meet our client’s threshold value.
In the extremely rare circumstance where two or more parties submit virtually identical proposals, we will contact all parties, we will advise them of this situation and we will ask them to submit a revised proposal. Once these are received, we will work with the party which has submitted the most acceptable proposal.If the process involves a cash sale of a property or company and the party which submitted the most acceptable proposal has met our client’s threshold value, that offer will be accepted. If this proposal does not meet our client’s threshold value, then we will advise that party that the offer is not quite what our client was expecting, and we will ask them to increase the offer. If that offer is not acceptable to our client, we will then move down to the party which submitted the next most acceptable proposal and we will then work with that party to attempt to meet our client’s threshold value.
CONFIDENTIALITY AGREEMENT
Parties wishing to receive access to the confidential information with detailed technical information relating to this opportunity should execute the Confidentiality Agreement and return one copy to Sayer Energy Advisors by courier, email (tpavic@sayeradvisors.com) or fax (403.266.4467).
Included in the confidential information is the following: mineral property reports, geological and other relevant technical information.
Download Confidentiality Agreement
To receive further information on the Properties please contact Tom Pavic, Ben Rye or Sydney Birkett at 403.266.6133.