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Current Offerings / Pentacor Energy Corp.
Pentacor Energy Corp.
Property DivestitureBid Deadline: April 9, 2026
12:00 PM
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OVERVIEW
Pentacor Energy Corp. (“Pentacor” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the farmout or sale of its oil interests located in the Neilburg area of Saskatchewan (the “Property”). The Company is selling the Property in order to focus its operations on its core assets.
The Property is prospective for oil production from 9 stacked Mannville zones which contain significant oil originally in place, with low recovery factors and opportunities for infill drilling and secondary recovery.
There is currently no production from the Property.
As of February 6, 2026, the Neilburg property had a deemed liability value of $41,100.
The Property is prospective for oil production from 9 stacked Mannville zones which contain significant oil originally in place, with low recovery factors and opportunities for infill drilling and secondary recovery.
There is currently no production from the Property.
As of February 6, 2026, the Neilburg property had a deemed liability value of $41,100.
Overview Map Showing the Location of the Divestiture Property
NEILBURG
Township 46, Range 25-26 W3
At Neilburg, Pentacor holds a 100% working interest in approximately 16.5 sections as well as a 50% working interest in 6.5 sections of land as shown in orange on the following map. The lands are a combination of Crown and Freehold mineral rights. The Property is prospective for oil from stacked formations of the Mannville Group.
At Neilburg, Pentacor holds a 100% working interest in approximately 16.5 sections as well as a 50% working interest in 6.5 sections of land as shown in orange on the following map. The lands are a combination of Crown and Freehold mineral rights. The Property is prospective for oil from stacked formations of the Mannville Group.
The following map shows there is ample Mannville development in pools offsetting the Company’s lands at Neilburg from various operators including Baytex Energy Ltd., Canadian Natural Resources Limited, Cenovus Energy Inc., Durham Creek Energy Ltd. and West Lake Energy Corp.
The following map shows the Mannville development near the Company’s lands at Neilburg.
Neilburg Upside
The stacked Mannville pools at Neilburg contain significant oil originally in place, with low recovery factors and opportunities for infill drilling and secondary recovery. The prospects include 9 stacked high-porosity Mannville zones.
The drilling opportunities include new pools and pool extensions, keying off bypassed oil pay. The prospective zones include targets within the Colony, Upper and Lower McLaren, Sparky, General Petroleum, Rex and Lloydminster formations.
The stacked Mannville pools at Neilburg contain significant oil originally in place, with low recovery factors and opportunities for infill drilling and secondary recovery. The prospects include 9 stacked high-porosity Mannville zones.
The drilling opportunities include new pools and pool extensions, keying off bypassed oil pay. The prospective zones include targets within the Colony, Upper and Lower McLaren, Sparky, General Petroleum, Rex and Lloydminster formations.
Baytex Neilburg A2 11/02-22-046-26W3
Mannville Group Type Log
Mannville Group Type Log
Lloydminster Formation
Pentacor has identified upside potential in several pools in the Lloydminster Formation at Neilburg. The following well logs show oil pay in the Lloydminster target.
Pentacor has identified upside potential in several pools in the Lloydminster Formation at Neilburg. The following well logs show oil pay in the Lloydminster target.
Baytex Neilburg DD 4D6 11/06-23-046-26W3/00
Lloydminster Formation Type Log
Lloydminster Formation Type Log
The following map shows potential multi-lateral drilling locations identified on the Company’s lands at Neilburg and production from the Lloydminster Formation. The map was created using data from well control.
Rex Formation
At Neilburg, Pentacor has identified upside potential in multiple pools in the Rex Formation. The following well logs show oil pay in the Rex Sandstone target.
At Neilburg, Pentacor has identified upside potential in multiple pools in the Rex Formation. The following well logs show oil pay in the Rex Sandstone target.
Baytex Neilburg D9 141/09-15-046-26W3/00
Rex Formation Type Log
Rex Formation Type Log
The following map shows potential multi-lateral drilling locations identified on the Company’s lands at Neilburg and production from the Rex Sandstone. The map was created using data from well control.
General Petroleum Formation
At Neilburg, Pentacor has identified upside potential in the GP Formation. The following well logs show oil pay in the GP target.
At Neilburg, Pentacor has identified upside potential in the GP Formation. The following well logs show oil pay in the GP target.
Crew Epping East A 111/03-20-046-26W3/00
GP Formation Type Log
GP Formation Type Log
The following map shows oil production from the GP Formation and identified GP drilling locations on the Company’s lands at Neilburg.
Sparky Formation
Pentacor has identified upside potential in the Sparky Formation. The following well logs show the Sparky A Unit target at Neilburg.
Pentacor has identified upside potential in the Sparky Formation. The following well logs show the Sparky A Unit target at Neilburg.
Baytex Et Al Neilburg A 111/14-17-046-25W3/00
Sparky Formation Type Log
Sparky Formation Type Log
The following map shows potential drilling locations identified in several pools on the Company’s lands at Neilburg and oil production from the Sparky A Unit. The map was created using data from well control.
Sparky C/B Unit
The following well logs show oil pay in the Sparky C/B Unit target at Neilburg.
The following well logs show oil pay in the Sparky C/B Unit target at Neilburg.
Baytex Neilburg A 111/15-23-046-25W3/00
Sparky Formation Type Log
Sparky Formation Type Log
The following map shows potential drilling locations identified on the Company’s lands at Neilburg and production from the Sparky C/B Unit. The map was created using data from well control, but the area of the trade 3D seismic which Pentacor has access to over its lands is redacted on the map below.
Sparky D Unit
The following well logs show oil pay in the Sparky D Unit target at Neilburg.
The following well logs show oil pay in the Sparky D Unit target at Neilburg.
Baytex Neilburg A 111/04-26-046-25W3/00
Sparky Formation Type Log
Sparky Formation Type Log
The following map shows potential drilling locations identified on the Company’s lands at Neilburg and production from the Sparky D Unit. The map was created using data from well control, but the area of the trade 3D seismic which Pentacor has access to over its lands is redacted on the map below.
McLaren Formation
At Neilburg, Pentacor has identified upside potential in the Lower McLaren. The following well logs show oil pay in the Lower McLaren target.
At Neilburg, Pentacor has identified upside potential in the Lower McLaren. The following well logs show oil pay in the Lower McLaren target.
Husky Neilburg A 111/15-07-046-25W3/00
McLaren Formation Type Log
McLaren Formation Type Log
The following map shows production from the McLaren Formation and identified GP drilling locations on the Company’s lands at Neilburg. The map was created using data from well control, but the area of the trade 3D seismic which Pentacor has access to over its lands is redacted on the map below.
Upper McLaren
Pentacor has identified upside potential in the Upper McLaren. The following well logs show the Upper McLaren target at Neilburg.
Pentacor has identified upside potential in the Upper McLaren. The following well logs show the Upper McLaren target at Neilburg.
Intrepid Neilburg 111/09-22-046-25W3/00
McLaren Formation Type Log
McLaren Formation Type Log
The following map shows production from the McLaren Formation and identified Upper McLaren drilling locations on the Company’s lands at Neilburg. The map was created using data from well control, but the area of the trade 3D seismic which Pentacor has access to over its lands is redacted on the map below.
Colony Formation
Pentacor has identified upside potential in the Colony Formation. The following well logs show the Colony target at Neilburg.
Pentacor has identified upside potential in the Colony Formation. The following well logs show the Colony target at Neilburg.
Trigger Neilburg 11 131/11-26-046-26W3/00
Colony Formation Type Log
Colony Formation Type Log
The following maps show production from the Colony Formation and identified drilling locations on the Company’s lands at Neilburg.
The following map was created using data from well control, but the area of the trade 3D seismic which Pentacor has access to over its lands is redacted on the map.
Neilburg Reserves
Pentacor does not have a current third-party reserve report relating to the Property.
Neilburg Facilities
At Neilburg, Pentacor holds a 50% working interest in a single well battery facility located at 13-14-046-25W3. The equipment at the battery site includes the following.
Pentacor does not have a current third-party reserve report relating to the Property.
Neilburg Facilities
At Neilburg, Pentacor holds a 50% working interest in a single well battery facility located at 13-14-046-25W3. The equipment at the battery site includes the following.
- 2 x 1,000 bbl heated and insulated tanks (2014/2021 refurbish dates)
- 2 x Profire 2100 Burner Management Systems
- National skid 5.7 V8 in sound insulated shack including gas tree
- Wellhead drive (Low hour Kudu)
- Reusable instrumentation
- Chemical system
- Flowline and stands
- Secondary containment
Further details on the Company’s facilities will be made available to parties that execute a confidentiality agreement.
Seismic Overview
The Company has trade 2D and 3D seismic data relating to its interests at Neilburg as shown on the following plat. Information relating to the seismic will be made available in the virtual data room to parties that execute a confidentiality agreement.
Seismic Overview
The Company has trade 2D and 3D seismic data relating to its interests at Neilburg as shown on the following plat. Information relating to the seismic will be made available in the virtual data room to parties that execute a confidentiality agreement.
Neilburg Liability Assessment
As of February 6, 2026, the Neilburg property had a deemed liability value of $41,100.
Neilburg Well List
Pentacor has a 50% operated working interest in one horizontal Sparky oil well at Neilburg, MHZ (13-14) 04/06-23-046-25W3/00. The 06-23 well was drilled in November 2024 and encountered lost circulation issues during drilling that prevented full execution of the originally planned multi-lateral well configuration. The well is currently shut-in pending a pump change.
Click here to download the complete well list in Excel.
As of February 6, 2026, the Neilburg property had a deemed liability value of $41,100.
Neilburg Well List
Pentacor has a 50% operated working interest in one horizontal Sparky oil well at Neilburg, MHZ (13-14) 04/06-23-046-25W3/00. The 06-23 well was drilled in November 2024 and encountered lost circulation issues during drilling that prevented full execution of the originally planned multi-lateral well configuration. The well is currently shut-in pending a pump change.
Click here to download the complete well list in Excel.
PROCESS & TIMELINE
Sayer Energy Advisors is accepting proposals from interested parties for the Property until 12:00 pm on Thursday, April 9, 2026.
Sayer Energy Advisors does not typically conduct a "second-round" bidding process; the intention is to attempt to conclude a
transaction with the party submitting the most acceptable proposal at the conclusion of the process.
transaction with the party submitting the most acceptable proposal at the conclusion of the process.
Sayer Energy Advisors is accepting proposals from interested parties until
noon on Thursday, April 9, 2026.
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 Property 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, financial information, equipment listing, and other relevant technical information.
Download Confidentiality Agreement
To receive further information on the Property please contact Ben Rye, Tom Pavic or Sydney Birkett at 403.266.6133.