Offering Details
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Current Offerings / Invico Energy Ltd.
Invico Energy Ltd.
Property DivestitureBid Deadline: November 13, 2025
12:00 PM
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OVERVIEW
Invico Energy Ltd. (“Invico” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of certain of its oil and natural gas interests located in Alberta and Saskatchewan (the “Properties”).
The Properties consist of non-operated working interests in the Central AB, Swan Hills, Mitsue, Northern AB, and Peace River packages and operated working interests in the Saskatchewan package.
Preference will be given to offers to acquire all of the Properties in each package in one transaction; however, offers may be considered for individual properties.
Average daily sales production net to Invico from the Properties for the five months ended May 31, 2025 was approximately 199 boe/d, consisting of 672 Mcf/d of natural gas and 87 barrels of oil and natural gas liquids per day.
Operating income net to Invico from the Properties for the five months ended May 31, 2025 was approximately $70,000 per month, or $840,000 on an annualized basis.
The Properties consist of non-operated working interests in the Central AB, Swan Hills, Mitsue, Northern AB, and Peace River packages and operated working interests in the Saskatchewan package.
Preference will be given to offers to acquire all of the Properties in each package in one transaction; however, offers may be considered for individual properties.
Average daily sales production net to Invico from the Properties for the five months ended May 31, 2025 was approximately 199 boe/d, consisting of 672 Mcf/d of natural gas and 87 barrels of oil and natural gas liquids per day.
Operating income net to Invico from the Properties for the five months ended May 31, 2025 was approximately $70,000 per month, or $840,000 on an annualized basis.
Overview Showing the Location of the Divestiture Properties
Production Overview
Average daily sales production net to Invico from the Properties for the five months ended May 31, 2025 was approximately 199 boe/d, consisting of 672 Mcf/d of natural gas and 87 barrels of oil and natural gas liquids per day.
Operating income net to Invico from the Properties for the five months ended May 31, 2025 was approximately $70,000 per month, or $840,000 on an annualized basis.
Average daily sales production net to Invico from the Properties for the five months ended May 31, 2025 was approximately 199 boe/d, consisting of 672 Mcf/d of natural gas and 87 barrels of oil and natural gas liquids per day.
Operating income net to Invico from the Properties for the five months ended May 31, 2025 was approximately $70,000 per month, or $840,000 on an annualized basis.
Gross Production Group Plot of the Properties
Reserves Overview
Invico prepared an internal reserves evaluation of the Properties specifically for this divestiture (the “Reserve Report”). The Reserve Report is effective September 1, 2025 using an average of GLJ Ltd., McDaniel & Associates Consultants Ltd. and Sproule ERCE’s July 1, 2025 forecast pricing.
Invico estimated that, as of September 1, 2025, the Properties contained remaining proved plus probable reserves of 441,000 barrels of oil and natural gas liquids and 1.8 Bcf of natural gas (744,000 boe), with an estimated net present value of $5.6 million using forecast pricing at a 10% discount.
Invico prepared an internal reserves evaluation of the Properties specifically for this divestiture (the “Reserve Report”). The Reserve Report is effective September 1, 2025 using an average of GLJ Ltd., McDaniel & Associates Consultants Ltd. and Sproule ERCE’s July 1, 2025 forecast pricing.
Invico estimated that, as of September 1, 2025, the Properties contained remaining proved plus probable reserves of 441,000 barrels of oil and natural gas liquids and 1.8 Bcf of natural gas (744,000 boe), with an estimated net present value of $5.6 million using forecast pricing at a 10% discount.
Saskatchewan Liability Assessment Summary as of October 7, 2025
As of October 7, 2025, the Saskatchewan properties had a deemed net asset value of ($859,425) (deemed assets of $878,890 less liabilities of $1.7 million), with an LMR ratio of 0.51.
Alberta Liability Assessment Summary
The Company only operates one well in Alberta which is included in the offering. At Steele, Invico holds a 100% working interest in one section of land with one abandoned natural gas well 3MV Hz Steele 100/02-19-066-24W4/00.
Further details on the Company’s liability assessments will be available in the virtual data room for parties that execute a confidentiality agreement.
Well List
Click here to download the complete well list in Excel.
As of October 7, 2025, the Saskatchewan properties had a deemed net asset value of ($859,425) (deemed assets of $878,890 less liabilities of $1.7 million), with an LMR ratio of 0.51.
Alberta Liability Assessment Summary
The Company only operates one well in Alberta which is included in the offering. At Steele, Invico holds a 100% working interest in one section of land with one abandoned natural gas well 3MV Hz Steele 100/02-19-066-24W4/00.
Further details on the Company’s liability assessments will be available in the virtual data room for parties that execute a confidentiality agreement.
Well List
Click here to download the complete well list in Excel.
NORTHERN AB PACKAGE
In Northern AB, Invico has a 2.7% working interest in the Dunvegan Gas Unit No. 1. operated by Canadian Natural Resources Limited, as well as various minor interests in certain additional wells.
Average daily sales production net to Invico from the Northern AB package for the five months ended May 31, 2025 was approximately 594 Mcf/d of natural gas and 17 barrels of oil and natural gas liquids per day (116 boe/d).
Operating income net to Invico from the Northern AB package for the five months ended May 31, 2025 was approximately $25,000 per month, or $300,000 on an annualized basis.
Average daily sales production net to Invico from the Northern AB package for the five months ended May 31, 2025 was approximately 594 Mcf/d of natural gas and 17 barrels of oil and natural gas liquids per day (116 boe/d).
Operating income net to Invico from the Northern AB package for the five months ended May 31, 2025 was approximately $25,000 per month, or $300,000 on an annualized basis.
Gross Production Group Plot of the Northern AB Package
Northern AB Reserves
Invico prepared an internal reserves evaluation of the Properties specifically for this divestiture (the “Reserve Report”). The Reserve Report is effective September 1, 2025 using an average of GLJ Ltd., McDaniel & Associates Consultants Ltd. and Sproule ERCE’s July 1, 2025 forecast pricing.
Invico estimated that, as of September 1, 2025, the Northern AB package contained remaining proved plus probable reserves of 1.7 Bcf of natural gas and 57,000 barrels of oil and natural gas liquids (336,000 boe), with an estimated net present value of $1.5 million using forecast pricing at a 10% discount.
Invico prepared an internal reserves evaluation of the Properties specifically for this divestiture (the “Reserve Report”). The Reserve Report is effective September 1, 2025 using an average of GLJ Ltd., McDaniel & Associates Consultants Ltd. and Sproule ERCE’s July 1, 2025 forecast pricing.
Invico estimated that, as of September 1, 2025, the Northern AB package contained remaining proved plus probable reserves of 1.7 Bcf of natural gas and 57,000 barrels of oil and natural gas liquids (336,000 boe), with an estimated net present value of $1.5 million using forecast pricing at a 10% discount.
Northern AB Liability Assessment
The Company does not operate any wells or facilities in the Northern AB package.
Northern AB Well List
Click here to download the complete well list in Excel.
The Company does not operate any wells or facilities in the Northern AB package.
Northern AB Well List
Click here to download the complete well list in Excel.
CENTRAL AB PACKAGE
In the Central AB package, Invico has various non-operated working interests in the Cygnet, Gilby, Joffre, Medicine River, Pembina, Stettler, Sylvan Lake and Willesden Green areas.
Average daily sales production net to Invico from the Central AB package for the five months ended May 31, 2025 was approximately 25 barrels of oil and natural gas liquids per day and 42 Mcf/d of natural gas (32 boe/d).
Operating income net to Invico from the Central AB package for the five months ended May 31, 2025 was approximately $21,000 per month, or $252,000 on an annualized basis.
Average daily sales production net to Invico from the Central AB package for the five months ended May 31, 2025 was approximately 25 barrels of oil and natural gas liquids per day and 42 Mcf/d of natural gas (32 boe/d).
Operating income net to Invico from the Central AB package for the five months ended May 31, 2025 was approximately $21,000 per month, or $252,000 on an annualized basis.
Gross Production Group Plot of the Central AB Package
Central AB Reserves
Invico prepared an internal reserves evaluation of the Properties specifically for this divestiture (the “Reserve Report”). The Reserve Report is effective September 1, 2025 using an average of GLJ Ltd., McDaniel & Associates Consultants Ltd. and Sproule ERCE’s July 1, 2025 forecast pricing.
Invico estimated that, as of September 1, 2025, the Central AB package contained remaining proved plus probable reserves of 68,000 barrels of oil and natural gas liquids and 109 MMcf of natural gas (86,000 boe), with an estimated net present value of $1.5 million using forecast pricing at a 10% discount.
Invico prepared an internal reserves evaluation of the Properties specifically for this divestiture (the “Reserve Report”). The Reserve Report is effective September 1, 2025 using an average of GLJ Ltd., McDaniel & Associates Consultants Ltd. and Sproule ERCE’s July 1, 2025 forecast pricing.
Invico estimated that, as of September 1, 2025, the Central AB package contained remaining proved plus probable reserves of 68,000 barrels of oil and natural gas liquids and 109 MMcf of natural gas (86,000 boe), with an estimated net present value of $1.5 million using forecast pricing at a 10% discount.
Central AB Liability Assessment
The Company does not operate any wells or facilities in the Central AB package.
Central AB Well List
Click here to download the complete well list in Excel.
The Company does not operate any wells or facilities in the Central AB package.
Central AB Well List
Click here to download the complete well list in Excel.
SWAN HILLS PACKAGE
Township 69-70, Range 11 W5
At Swan Hills, Invico holds a 2.68% working interest in the House Mountain Unit No. 2 operated by Cardinal Energy Ltd.
Average daily sales production net to Invico from the Swan Hills property for the five months ended May 31, 2025 was approximately 4 barrels of oil and natural gas liquids per day (4 boe/d).
Operating income net to Invico from the Swan Hills property for the five months ended May 31, 2025 was approximately $200 per month, or $2,400 on an annualized basis.
At Swan Hills, Invico holds a 2.68% working interest in the House Mountain Unit No. 2 operated by Cardinal Energy Ltd.
Average daily sales production net to Invico from the Swan Hills property for the five months ended May 31, 2025 was approximately 4 barrels of oil and natural gas liquids per day (4 boe/d).
Operating income net to Invico from the Swan Hills property for the five months ended May 31, 2025 was approximately $200 per month, or $2,400 on an annualized basis.
Swan Hills, Alberta
Gross Production Group Plot of Invico's Oil & Natural Gas Wells
Swan Hills Reserves
Invico prepared an internal reserves evaluation of the Properties specifically for this divestiture (the “Reserve Report”). The Reserve Report is effective September 1, 2025 using an average of GLJ Ltd., McDaniel & Associates Consultants Ltd. and Sproule ERCE’s July 1, 2025 forecast pricing.
Invico estimated that, as of September 1, 2025, the Swan Hills property contained remaining proved plus probable reserves of 12,000 barrels of oil and natural gas liquids and 8 MMcf of natural gas (13,000 boe), with an estimated net present value of $116,000 using forecast pricing at a 10% discount.
Invico prepared an internal reserves evaluation of the Properties specifically for this divestiture (the “Reserve Report”). The Reserve Report is effective September 1, 2025 using an average of GLJ Ltd., McDaniel & Associates Consultants Ltd. and Sproule ERCE’s July 1, 2025 forecast pricing.
Invico estimated that, as of September 1, 2025, the Swan Hills property contained remaining proved plus probable reserves of 12,000 barrels of oil and natural gas liquids and 8 MMcf of natural gas (13,000 boe), with an estimated net present value of $116,000 using forecast pricing at a 10% discount.
Swan Hills Liability Assessment
The Company does not operate any wells or facilities in the Swan Hills package.
Swan Hills Well List
Click here to download the complete well list in Excel.
The Company does not operate any wells or facilities in the Swan Hills package.
Swan Hills Well List
Click here to download the complete well list in Excel.
PEACE RIVER PACKAGE
In the Peace River package, Invico has various non-operated working interests in the Boundary Lake, La Glace, Puskwaskau, Saddle Hills, Sinclair, Teepee and Wembley areas.
Average daily sales production net to Invico from the Peace River package for the five months ended May 31, 2025 was approximately 1 bbl/d of oil.
Operating income net to Invico from the Peace River package for the five months ended May 31, 2025 was approximately $100 per month, or $1,200 on an annualized basis.
The well 100/02-34-082-20W6/00 at Peace River is located in British Columbia.
Average daily sales production net to Invico from the Peace River package for the five months ended May 31, 2025 was approximately 1 bbl/d of oil.
Operating income net to Invico from the Peace River package for the five months ended May 31, 2025 was approximately $100 per month, or $1,200 on an annualized basis.
The well 100/02-34-082-20W6/00 at Peace River is located in British Columbia.
Gross Production Group Plot of the Peace River Properties
Peace River Reserves
Invico prepared an internal reserves evaluation of the Properties specifically for this divestiture (the “Reserve Report”). The Reserve Report is effective September 1, 2025 using an average of GLJ Ltd., McDaniel & Associates Consultants Ltd. and Sproule ERCE’s July 1, 2025 forecast pricing.
Invico estimated that, as of September 1, 2025, the Peace River package contained remaining proved plus probable reserves of 800 barrels of oil and 1 MMcf of natural gas (1,000 boe), with an estimated net present value of $4,000 using forecast pricing at a 10% discount.
Invico prepared an internal reserves evaluation of the Properties specifically for this divestiture (the “Reserve Report”). The Reserve Report is effective September 1, 2025 using an average of GLJ Ltd., McDaniel & Associates Consultants Ltd. and Sproule ERCE’s July 1, 2025 forecast pricing.
Invico estimated that, as of September 1, 2025, the Peace River package contained remaining proved plus probable reserves of 800 barrels of oil and 1 MMcf of natural gas (1,000 boe), with an estimated net present value of $4,000 using forecast pricing at a 10% discount.
Peace River Liability Assessment
The Company does not operate any wells or facilities in the Peace River package.
Peace River Well List
Click here to download the complete well list in Excel.
The Company does not operate any wells or facilities in the Peace River package.
Peace River Well List
Click here to download the complete well list in Excel.
MITSUE/STEELE PACKAGE
Township 66-74, Range 24W4 - 4 W5
In the Mitsue area, Invico holds primarily non-operated working interests ranging from 5.24%-37.8% in approximately 9.5 sections of land with oil and natural gas wells operated by several parties including Aeneid Exploration Inc., Canadian Natural Resources Limited, and Cardinal Energy Ltd. At Steele, Invico holds a 100% working interest in one section of land with one abandoned natural gas well 3MV Hz Steele 100/02-19-066-24W4/00. Historically, Invico’s oil and natural gas production at Mitsue has been from the Gilwood and Grand Rapids formations.
Average daily sales production net to Invico from Mitsue for the five months ended May 31, 2025 was approximately 1 bbl/d of oil.
Operating income net to Invico from Mitsue for the five months ended May 31, 2025 was approximately ($600) per month, or ($7,200) on an annualized basis.
In the Mitsue area, Invico holds primarily non-operated working interests ranging from 5.24%-37.8% in approximately 9.5 sections of land with oil and natural gas wells operated by several parties including Aeneid Exploration Inc., Canadian Natural Resources Limited, and Cardinal Energy Ltd. At Steele, Invico holds a 100% working interest in one section of land with one abandoned natural gas well 3MV Hz Steele 100/02-19-066-24W4/00. Historically, Invico’s oil and natural gas production at Mitsue has been from the Gilwood and Grand Rapids formations.
Average daily sales production net to Invico from Mitsue for the five months ended May 31, 2025 was approximately 1 bbl/d of oil.
Operating income net to Invico from Mitsue for the five months ended May 31, 2025 was approximately ($600) per month, or ($7,200) on an annualized basis.
Mitsue, Alberta
Gross Production Group Plot of Invico's Oil & Natural Gas Wells
Mitsue Reserves
Invico prepared an internal reserves evaluation of the Properties specifically for this divestiture (the “Reserve Report”). The Reserve Report is effective September 1, 2025 using an average of GLJ Ltd., McDaniel & Associates Consultants Ltd. and Sproule ERCE’s July 1, 2025 forecast pricing.
Invico estimated that, as of September 1, 2025, the Mitsue property contained remaining proved plus probable reserves of 1,000 barrels of oil (1,000 boe), with an estimated net present value of $19,000 using forecast pricing at a 10% discount.
Invico prepared an internal reserves evaluation of the Properties specifically for this divestiture (the “Reserve Report”). The Reserve Report is effective September 1, 2025 using an average of GLJ Ltd., McDaniel & Associates Consultants Ltd. and Sproule ERCE’s July 1, 2025 forecast pricing.
Invico estimated that, as of September 1, 2025, the Mitsue property contained remaining proved plus probable reserves of 1,000 barrels of oil (1,000 boe), with an estimated net present value of $19,000 using forecast pricing at a 10% discount.
Mitsue Liability Assessment
The Company does not operate any wells or facilities in the Mitsue package with the exception of the 3MV Hz Steele 100/02-19-066-24W4/00 well.
Mitsue Well List
Click here to download the complete well list in Excel.
The Company does not operate any wells or facilities in the Mitsue package with the exception of the 3MV Hz Steele 100/02-19-066-24W4/00 well.
Mitsue Well List
Click here to download the complete well list in Excel.
SASKATCHEWAN PACKAGE
In the Saskatchewan Package, Invico has operated working interests in the Dodsland and Fiske areas as well as certain additional non-producing interests at Eureka.
At Fiske, Invico holds operated and non-operated working interests ranging from 75-100% in approximately 15.5 sections of land with all P&NG from surface to the base of the Colorado Group. Production from the Fiske property is from the Viking Formation.
At Dodsland, Invico holds 100% operated working interests in one section of land with all petroleum rights from surface to the base of the Viking Formation. Invico’s oil production at Dodsland is from the Viking Formation.
Average daily sales production net to Invico from the Saskatchewan package for the five months ended May 31, 2025 was approximately 45 boe/d, consisting of 39 barrels of oil and natural gas liquids per day and 36 Mcf/d of natural gas.
Operating income net to Invico from the Saskatchewan package for the five months ended May 31, 2025 was approximately $26,000 per month, or $312,000 on an annualized basis.
At Fiske, Invico holds operated and non-operated working interests ranging from 75-100% in approximately 15.5 sections of land with all P&NG from surface to the base of the Colorado Group. Production from the Fiske property is from the Viking Formation.
At Dodsland, Invico holds 100% operated working interests in one section of land with all petroleum rights from surface to the base of the Viking Formation. Invico’s oil production at Dodsland is from the Viking Formation.
Average daily sales production net to Invico from the Saskatchewan package for the five months ended May 31, 2025 was approximately 45 boe/d, consisting of 39 barrels of oil and natural gas liquids per day and 36 Mcf/d of natural gas.
Operating income net to Invico from the Saskatchewan package for the five months ended May 31, 2025 was approximately $26,000 per month, or $312,000 on an annualized basis.
Saskatchewan Package
Gross Production Group Plot of the Invico's Oil & Natural Gas Wells
Saskatchewan Reserves
Invico prepared an internal reserves evaluation of the Properties specifically for this divestiture (the “Reserve Report”). The Reserve Report is effective September 1, 2025 using an average of GLJ Ltd., McDaniel & Associates Consultants Ltd. and Sproule ERCE’s July 1, 2025 forecast pricing.
Invico estimated that, as of September 1, 2025, the Saskatchewan package contained remaining proved plus probable reserves of 294,000 barrels of oil and natural gas liquids and 10 MMcf of natural gas (295,000 boe), with an estimated net present value of $2.4 million using forecast pricing at a 10% discount.
Invico prepared an internal reserves evaluation of the Properties specifically for this divestiture (the “Reserve Report”). The Reserve Report is effective September 1, 2025 using an average of GLJ Ltd., McDaniel & Associates Consultants Ltd. and Sproule ERCE’s July 1, 2025 forecast pricing.
Invico estimated that, as of September 1, 2025, the Saskatchewan package contained remaining proved plus probable reserves of 294,000 barrels of oil and natural gas liquids and 10 MMcf of natural gas (295,000 boe), with an estimated net present value of $2.4 million using forecast pricing at a 10% discount.
Saskatchewan Package Liability Assessment Summary as of October 7, 2025
As of October 7, 2025, the Saskatchewan properties had a deemed net asset value of ($859,425) (deemed assets of $878,890 less liabilities of $1.7 million), with an LMR ratio of 0.51.
Fiske Facilities
The Company holds working interests in the following facilities at Fiske.
As of October 7, 2025, the Saskatchewan properties had a deemed net asset value of ($859,425) (deemed assets of $878,890 less liabilities of $1.7 million), with an LMR ratio of 0.51.
Fiske Facilities
The Company holds working interests in the following facilities at Fiske.
Dodsland Facilities
The Company holds working interests in the following facilities at Dodsland.
The Company holds working interests in the following facilities at Dodsland.
Saskatchewan Package Well List
Click here to download the complete well list in Excel.
Click here to download the complete well list in Excel.
PROCESS & TIMELINE
Sayer Energy Advisors is accepting cash offers to acquire the Properties until 12:00 pm on Thursday November 13, 2025. Preference will be given to offers to acquire each package in one transaction.
Sayer Energy Advisors does not conduct a "second-round" bidding process; the intention is to attempt to conclude
transactions with the parties submitting the most acceptable proposals at the conclusion of the process.
transactions with the parties submitting the most acceptable proposals at the conclusion of the process.
Sayer Energy Advisors is accepting cash offers from interested parties until
noon on Thursday November 13, 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 (brye@sayeradvisors.com) or fax (403.266.4467).
Included in the confidential information is the following: summary land information, the Reserve Report, deemed liability information, most recent net operations summary, detailed facilities information and other relevant technical information.
Download Confidentiality Agreement
To receive further information on the Properties please contact Ben Rye, Tom Pavic or Sydney Birkett at 403.266.6133.