Offering Details
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Current Offerings / Grant Thornton Limited
TexCal Energy Canada Inc.
Grant Thornton Limited
TexCal Energy Canada Inc.
Receivership SaleBid Deadline: April 30, 2026
12:00 PM
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OVERVIEW
On June 30, 2025, the Court of King’s Bench of Alberta granted an order appointing Grant Thornton Limited (“Grant Thornton”) as the receiver and manager (the “Receiver”) of the assets, undertakings and properties of TexCal Energy Canada Inc. (“TexCal” or the “Company”), effective July 3, 2025. The Receiver has engaged Sayer Energy Advisors to assist it with a Sales and Investment Solicitation Process (the “SISP”).
The SISP is intended to solicit interest in a sale or liquidation of all or substantially all of the assets, or alternatively a corporate transaction involving the shares of TexCal as well as the RME Transaction Assets as defined in the SISP. TexCal’s assets are comprised of oil and natural gas wells, pipelines and facilities, and four dams Licenced by the Alberta Energy Regulator, and other miscellaneous asset and non-operated working interests.
All offers received at the bid deadline will be reviewed by the Receiver and the most acceptable offers may be accepted, subject to Court approval. A copy of the SISP can be found here.
The Company’s oil and natural gas interests are located in various areas of Alberta (the “Properties”).
For this offering, the Properties are separated into the following geographical packages: Bellis, Carson Creek, Greater Kaybob, Greater Swan Hills, South AB, and Virginia Hills.
For the purposes of this SISP, the “RME Transaction Assets” means the Scheduled Assets as defined in the purchase and sale agreement dated May 8, 2025 (as amended by a letter agreement dated June 17, 2025, the “RME PSA”), between TexCal and Rocky Mountains Energy Ltd. (“RME”). The RME Transaction Assets include:
The Properties will be marketed as four distinct packages, including at least the following, and potential purchasers will have the opportunity to bid on some or all the packages:
The SISP is intended to solicit interest in a sale or liquidation of all or substantially all of the assets, or alternatively a corporate transaction involving the shares of TexCal as well as the RME Transaction Assets as defined in the SISP. TexCal’s assets are comprised of oil and natural gas wells, pipelines and facilities, and four dams Licenced by the Alberta Energy Regulator, and other miscellaneous asset and non-operated working interests.
All offers received at the bid deadline will be reviewed by the Receiver and the most acceptable offers may be accepted, subject to Court approval. A copy of the SISP can be found here.
The Company’s oil and natural gas interests are located in various areas of Alberta (the “Properties”).
For this offering, the Properties are separated into the following geographical packages: Bellis, Carson Creek, Greater Kaybob, Greater Swan Hills, South AB, and Virginia Hills.
For the purposes of this SISP, the “RME Transaction Assets” means the Scheduled Assets as defined in the purchase and sale agreement dated May 8, 2025 (as amended by a letter agreement dated June 17, 2025, the “RME PSA”), between TexCal and Rocky Mountains Energy Ltd. (“RME”). The RME Transaction Assets include:
- A 90% interest in the Virginia Hills and Kaybob Assets (as defined in the RME PSA);
- A 100% interest in the Bellis Area Assets (as defined in the RME PSA); and
- The applicable Petroleum and Natural Gas Rights, the Tangibles and the Miscellaneous Interests (each as defined in the RME PSA).
The Properties will be marketed as four distinct packages, including at least the following, and potential purchasers will have the opportunity to bid on some or all the packages:
- TexCal’s 10% interest in the: (i) Virginia Hills and Kaybob Assets; and (ii) Petroleum and Natural Gas Rights, the Tangibles and the Miscellaneous Interests (“Sales Package 1”);
- All the Property, other than the Property contained in Sales Package 1 (“Sales Package 2”);
- The RME Transaction Assets (for clarity, excluding TexCal’s interest in Package 1) (“Sales Package 3”); and
- All of the Assets, including the assets contained in Sales Packages 1, 2 and 3 (“Sales Package 4” and together with Sales Package 1, Sales Package 2 and Sales Package 3, the “Packages”).
Overview Map Showing the Location of the Divestiture Properties
Production Overview
The numbers represented in the marketing materials represent all the Properties (Sales Package 4).
Average daily sales production net to TexCal from the Properties for the year ended December 31, 2025 was approximately 1,653 boe/d, consisting of 1,400 bbl/d of oil and natural gas liquids and 1.5 MMcf/d of natural gas.
Operating income net to TexCal from the Properties for the year ended December 31, 2025 was approximately ($6.5 million).
The numbers represented in the marketing materials represent all the Properties (Sales Package 4).
Average daily sales production net to TexCal from the Properties for the year ended December 31, 2025 was approximately 1,653 boe/d, consisting of 1,400 bbl/d of oil and natural gas liquids and 1.5 MMcf/d of natural gas.
Operating income net to TexCal from the Properties for the year ended December 31, 2025 was approximately ($6.5 million).
* The NOI for Carson Creek also includes costs associated with Swan Hills and the Judy Creek Gas Plant
Gross Production Group Plot of the Properties
Reserves Overview
Sproule ERCE (“Sproule”) prepared an independent reserves evaluation of the Properties as part of the Company’s year-end reporting (the “Sproule Report”). The Sproule Report is effective December 31, 2022 using Sproule’s forecast pricing as at December 31, 2022.
Sproule estimated that, as at December 31, 2022, the Properties contained remaining proved plus probable reserves of 16.6 million barrels of oil and natural gas liquids and 11.0 Bcf of natural gas (18.5 million boe), with an estimated net present value of $291.0 million using forecast pricing at a 10% discount.
Sproule ERCE (“Sproule”) prepared an independent reserves evaluation of the Properties as part of the Company’s year-end reporting (the “Sproule Report”). The Sproule Report is effective December 31, 2022 using Sproule’s forecast pricing as at December 31, 2022.
Sproule estimated that, as at December 31, 2022, the Properties contained remaining proved plus probable reserves of 16.6 million barrels of oil and natural gas liquids and 11.0 Bcf of natural gas (18.5 million boe), with an estimated net present value of $291.0 million using forecast pricing at a 10% discount.
Marketing Summary
Details of TexCal’s marketing arrangements will be made available in the virtual data room for parties that execute a confidentiality agreement.
Liability Assessment as of February 1, 2026
As of February 1, 2026, the Properties had a deemed liability value of $190.2 million.
Details of TexCal’s marketing arrangements will be made available in the virtual data room for parties that execute a confidentiality agreement.
Liability Assessment as of February 1, 2026
As of February 1, 2026, the Properties had a deemed liability value of $190.2 million.
GREATER SWAN HILLS
Township 64-71, Range 6-11 W5
Greater Swan Hills includes the Company’s working interest in the South Swan Hills Unit, the Swan Hills Unit No. 1, the East Swan Hills Unit, the Judy Creek Gas Plant at 15-25-064-11W5 and other minor non-operated and non-unit lands.
Average daily sales production net to the Company from the Greater Swan Hills property for the year ended December 31, 2025 was approximately 1,141 boe/d, consisting of 1,070 bbl/d of oil and natural gas liquids and 429 Mcf/d of natural gas.
Operating income net to the Company from the Greater Swan Hills property for the year ended December 31, 2025 was approximately ($389,000).
Greater Swan Hills includes the Company’s working interest in the South Swan Hills Unit, the Swan Hills Unit No. 1, the East Swan Hills Unit, the Judy Creek Gas Plant at 15-25-064-11W5 and other minor non-operated and non-unit lands.
Average daily sales production net to the Company from the Greater Swan Hills property for the year ended December 31, 2025 was approximately 1,141 boe/d, consisting of 1,070 bbl/d of oil and natural gas liquids and 429 Mcf/d of natural gas.
Operating income net to the Company from the Greater Swan Hills property for the year ended December 31, 2025 was approximately ($389,000).
South Swan Hills Unit
Swan Hills Unit No. 1
East Swan Hills Unit
Swan Hills, Alberta
Gross Production Group Plot
Swan Hills Facilities
At South Swan Hills, the Company has ownership in facilities located at 03-19-065-10W5 and the Judy Creek Gas Plant located at 15-25-064-11W5. At East Swan Hills, the Company has ownership in facilities located at 10-32-067-09W5. The Company also has ownership in facilities associated with the Swan Hills Unit No. 1 located at 05-34-066-10W5, 02-06-067-10W5 and 03-10-067-10W5.
Further details on the Company’s facilities are available in the virtual data room for parties that execute a confidentiality agreement.
Swan Hills Reserves
Sproule ERCE (“Sproule”) prepared an independent reserves evaluation of the Properties as part of the Company’s year-end reporting (the “Sproule Report”). The Sproule Report is effective December 31, 2022, using Sproule’s December 31, 2022 forecast pricing.
Sproule estimated that as at December 31, 2022 the Swan Hills property contained remaining proved plus probable reserves of 12.3 million barrels of oil and natural gas liquids and 3.4 Bcf of natural gas (12.8 million boe), with an estimated net present value of approximately $175.6 million using forecast pricing at a 10% discount.
At South Swan Hills, the Company has ownership in facilities located at 03-19-065-10W5 and the Judy Creek Gas Plant located at 15-25-064-11W5. At East Swan Hills, the Company has ownership in facilities located at 10-32-067-09W5. The Company also has ownership in facilities associated with the Swan Hills Unit No. 1 located at 05-34-066-10W5, 02-06-067-10W5 and 03-10-067-10W5.
Further details on the Company’s facilities are available in the virtual data room for parties that execute a confidentiality agreement.
Swan Hills Reserves
Sproule ERCE (“Sproule”) prepared an independent reserves evaluation of the Properties as part of the Company’s year-end reporting (the “Sproule Report”). The Sproule Report is effective December 31, 2022, using Sproule’s December 31, 2022 forecast pricing.
Sproule estimated that as at December 31, 2022 the Swan Hills property contained remaining proved plus probable reserves of 12.3 million barrels of oil and natural gas liquids and 3.4 Bcf of natural gas (12.8 million boe), with an estimated net present value of approximately $175.6 million using forecast pricing at a 10% discount.
Swan Hills Liability Assessment
As of February 1, 2026, the Swan Hills property had a deemed liability value of $91.6 million.
Swan Hills Well List
Click here to download the complete well list in Excel.
As of February 1, 2026, the Swan Hills property had a deemed liability value of $91.6 million.
Swan Hills Well List
Click here to download the complete well list in Excel.
GREATER KAYBOB
Township 58-71, Range 18-25 W5
Greater Kaybob is comprised of the Company’s interests in the Kaybob South Triassic Unit No. 1, Kaybob South Triassic Unit No. 2, Kaybob South Beaverhill Lake Gas Unit No. 3, as well as minor interests in four additional non-producing wells in the Greater Kaybob area and additional non-operated interests in other minor areas.
Both Triassic units have historical waterflood activity. Unit 2 is currently under waterflood.
Average daily sales production net to the Company from the Greater Kaybob property for the year ended December 31, 2025 was approximately 238 boe/d, consisting of 191 bbl/d of oil and natural gas liquids and 281 Mcf/d of natural gas.
Operating income net to the Company from the Greater Kaybob property for the year ended December 31, 2025 was approximately $1.5 million.
Greater Kaybob is comprised of the Company’s interests in the Kaybob South Triassic Unit No. 1, Kaybob South Triassic Unit No. 2, Kaybob South Beaverhill Lake Gas Unit No. 3, as well as minor interests in four additional non-producing wells in the Greater Kaybob area and additional non-operated interests in other minor areas.
Both Triassic units have historical waterflood activity. Unit 2 is currently under waterflood.
Average daily sales production net to the Company from the Greater Kaybob property for the year ended December 31, 2025 was approximately 238 boe/d, consisting of 191 bbl/d of oil and natural gas liquids and 281 Mcf/d of natural gas.
Operating income net to the Company from the Greater Kaybob property for the year ended December 31, 2025 was approximately $1.5 million.
Kaybob South Beaverhill Lake Gas Unit No. 3
Kaybob South Triassic Unit No. 1
Kaybob South Triassic Unit No. 2
Greater Kaybob, Alberta
Gross Production Group Plot
Greater Kaybob Reserves
Sproule ERCE (“Sproule”) prepared an independent reserves evaluation of the Properties as part of the Company’s year-end reporting (the “Sproule Report”). The Sproule Report is effective December 31, 2022, using Sproule’s December 31, 2022 forecast pricing.
Sproule estimated that as at December 31, 2022 the Greater Kaybob property contained remaining proved plus probable reserves of 2.2 million barrels of oil and natural gas liquids and 2.7 Bcf of natural gas (2.6 million boe), with an estimated net present value of approximately $50.6 million using forecast pricing at a 10% discount.
Sproule ERCE (“Sproule”) prepared an independent reserves evaluation of the Properties as part of the Company’s year-end reporting (the “Sproule Report”). The Sproule Report is effective December 31, 2022, using Sproule’s December 31, 2022 forecast pricing.
Sproule estimated that as at December 31, 2022 the Greater Kaybob property contained remaining proved plus probable reserves of 2.2 million barrels of oil and natural gas liquids and 2.7 Bcf of natural gas (2.6 million boe), with an estimated net present value of approximately $50.6 million using forecast pricing at a 10% discount.
Greater Kaybob Liability Assessment
As of February 1, 2026, the Kaybob property had a deemed liability value of $15.9 million.
Greater Kaybob Facilities
At Kaybob, the Company has ownership in operated facilities located at 03-24-062-20W5.
Further details on the Company’s facilities are available in the virtual data room for parties that execute a confidentiality agreement.
Greater Kaybob Well List
Click here to download the complete well list in Excel.
As of February 1, 2026, the Kaybob property had a deemed liability value of $15.9 million.
Greater Kaybob Facilities
At Kaybob, the Company has ownership in operated facilities located at 03-24-062-20W5.
Further details on the Company’s facilities are available in the virtual data room for parties that execute a confidentiality agreement.
Greater Kaybob Well List
Click here to download the complete well list in Excel.
SOUTH AB
Township 7-20, Range 14-24 W4
The South AB properties include TexCal’s interests in the Badger, Chin Coulee, Enchant, Jumpbush and Majorville areas.
The South AB properties include Mannville development targets. The Company has identified opportunities to develop the Mannville with many horizontal drilling locations targeting Mannville sands.
Average daily sales production net to the Company from the South AB properties for the year ended December 31, 2025 was approximately 204 boe/d, consisting of 765 Mcf/d of natural gas and 76 bbl/d of oil and natural gas liquids.
Operating income net to the Company from the South AB properties for the year ended December 31, 2025 was approximately ($1.2 million).
The South AB properties include TexCal’s interests in the Badger, Chin Coulee, Enchant, Jumpbush and Majorville areas.
The South AB properties include Mannville development targets. The Company has identified opportunities to develop the Mannville with many horizontal drilling locations targeting Mannville sands.
Average daily sales production net to the Company from the South AB properties for the year ended December 31, 2025 was approximately 204 boe/d, consisting of 765 Mcf/d of natural gas and 76 bbl/d of oil and natural gas liquids.
Operating income net to the Company from the South AB properties for the year ended December 31, 2025 was approximately ($1.2 million).
South AB Facilities
At South AB, the Company has ownership in numerous facilities.
Further details on the Company’s facilities are available in the virtual data room for parties that execute a confidentiality agreement.
South AB Reserves
Sproule ERCE (“Sproule”) prepared an independent reserves evaluation of the Properties as part of the Company’s year-end reporting (the “Sproule Report”). The Sproule Report is effective December 31, 2022, using Sproule’s December 31, 2022 forecast pricing.
Sproule estimated that as at December 31, 2022 the South AB properties contained remaining proved plus probable reserves of 1.2 million barrels of oil and natural gas liquids and 4.1 Bcf of natural gas (1.8 million boe), with an estimated net present value of approximately $36.6 million using forecast pricing at a 10% discount.
At South AB, the Company has ownership in numerous facilities.
Further details on the Company’s facilities are available in the virtual data room for parties that execute a confidentiality agreement.
South AB Reserves
Sproule ERCE (“Sproule”) prepared an independent reserves evaluation of the Properties as part of the Company’s year-end reporting (the “Sproule Report”). The Sproule Report is effective December 31, 2022, using Sproule’s December 31, 2022 forecast pricing.
Sproule estimated that as at December 31, 2022 the South AB properties contained remaining proved plus probable reserves of 1.2 million barrels of oil and natural gas liquids and 4.1 Bcf of natural gas (1.8 million boe), with an estimated net present value of approximately $36.6 million using forecast pricing at a 10% discount.
South AB Liability Assessment
As of February 1, 2026, the South AB property had a deemed liability value of $32.5 million.
South AB Well List
Click here to download the complete well list in Excel.
As of February 1, 2026, the South AB property had a deemed liability value of $32.5 million.
South AB Well List
Click here to download the complete well list in Excel.
VIRGINIA HILLS
Township 63-66, Range 11-16 W5
At Virginia Hills, the Company holds operated working interests in the Virginia Hills BHL Unit 2, Virginia Hills Unit No. 1, certain non-unit interests and a non-operated interest in the Freeman Unit No. 1.
The Company has identified the potential for several horizontal multi-stage frac locations targeting the Swan Hills Platform as well as reactivations and workovers to add additional volumes.
Average daily sales production net to the Company from the Virginia Hills property for the year ended December 31, 2025 was approximately 61 boe/d, consisting of 61 bbl/d of oil and natural gas liquids and 1 Mcf/d of natural gas.
Operating income net to the Company from the Virginia Hills property for the year ended December 31, 2025 was approximately ($457,000).
At Virginia Hills, the Company holds operated working interests in the Virginia Hills BHL Unit 2, Virginia Hills Unit No. 1, certain non-unit interests and a non-operated interest in the Freeman Unit No. 1.
The Company has identified the potential for several horizontal multi-stage frac locations targeting the Swan Hills Platform as well as reactivations and workovers to add additional volumes.
Average daily sales production net to the Company from the Virginia Hills property for the year ended December 31, 2025 was approximately 61 boe/d, consisting of 61 bbl/d of oil and natural gas liquids and 1 Mcf/d of natural gas.
Operating income net to the Company from the Virginia Hills property for the year ended December 31, 2025 was approximately ($457,000).
Virginia Hills Unit No. 1
Virginia Hills BHL Unit 2
Freeman Unit No. 1
Virginia Hills, Alberta
Gross Production Group Plot
Virginia Hills Facilities
The Company holds a non-operated working interest in the Freeman Unit No. 1 facilities located at 02-01-066-13W5 operated by Coastal Resources Limited.
Further details on the Company’s facilities are available in the virtual data room for parties that execute a confidentiality agreement.
Virginia Hills Reserves
Sproule ERCE (“Sproule”) prepared an independent reserves evaluation of the Properties as part of the Company’s year-end reporting (the “Sproule Report”). The Sproule Report is effective December 31, 2022, using Sproule’s December 31, 2022 forecast pricing.
Sproule estimated that as at December 31, 2022 the Virginia Hills property contained remaining proved plus probable reserves of 887,000 barrels of oil (887,000 boe), with an estimated net present value of approximately $23.9 million using forecast pricing at a 10% discount.
The Company holds a non-operated working interest in the Freeman Unit No. 1 facilities located at 02-01-066-13W5 operated by Coastal Resources Limited.
Further details on the Company’s facilities are available in the virtual data room for parties that execute a confidentiality agreement.
Virginia Hills Reserves
Sproule ERCE (“Sproule”) prepared an independent reserves evaluation of the Properties as part of the Company’s year-end reporting (the “Sproule Report”). The Sproule Report is effective December 31, 2022, using Sproule’s December 31, 2022 forecast pricing.
Sproule estimated that as at December 31, 2022 the Virginia Hills property contained remaining proved plus probable reserves of 887,000 barrels of oil (887,000 boe), with an estimated net present value of approximately $23.9 million using forecast pricing at a 10% discount.
Virginia Hills Liability Assessment
As of February 1, 2026, the Virginia Hills property had a deemed liability value of $45.5 million.
Virginia Hills Well List
Click here to download the complete well list in Excel.
As of February 1, 2026, the Virginia Hills property had a deemed liability value of $45.5 million.
Virginia Hills Well List
Click here to download the complete well list in Excel.
CARSON CREEK
Township 58-64, Range 11-17 W5
At Carson Creek, TexCal holds a non-operated interest in certain lands.
Average daily sales production net to TexCal from Carson Creek for the year ended December 31, 2025 was approximately 10 boe/d, consisting of 41 Mcf/d of natural gas and 3 bbl/d of natural gas liquids.
Operating income net to TexCal from Carson Creek for the year ended December 31, 2025 was approximately ($6.0 million). The operating income for Carson Creek also includes costs associated with Swan Hills and the Judy Creek Gas Plant.
At Carson Creek, TexCal holds a non-operated interest in certain lands.
Average daily sales production net to TexCal from Carson Creek for the year ended December 31, 2025 was approximately 10 boe/d, consisting of 41 Mcf/d of natural gas and 3 bbl/d of natural gas liquids.
Operating income net to TexCal from Carson Creek for the year ended December 31, 2025 was approximately ($6.0 million). The operating income for Carson Creek also includes costs associated with Swan Hills and the Judy Creek Gas Plant.
Carson Creek, Alberta
Gross Production Group Plot of TexCal's Natural Gas Wells
Carson Creek Facilities
The Company does not hold working interests in any facilities at Carson Creek.
Carson Creek Reserves
Sproule ERCE (“Sproule”) prepared an independent reserves evaluation of the Properties as part of the Company’s year-end reporting (the “Sproule Report”). The Sproule Report is effective December 31, 2022 using Sproule’s forecast pricing as at December 31, 2022.
Sproule estimated that, as at December 31, 2022, the Carson Creek property contained remaining proved plus probable reserves of 161,000 barrels of oil and natural gas liquids and 882 MMcf of natural gas (307,000 boe), with an estimated net present value of $4.3 million using forecast pricing at a 10% discount.
The reserves volumes and values above and in the table below include TexCal’s interest in the Carson Creek North Beaverhill Lake Unit No. 1 which has been sold.
The Company does not hold working interests in any facilities at Carson Creek.
Carson Creek Reserves
Sproule ERCE (“Sproule”) prepared an independent reserves evaluation of the Properties as part of the Company’s year-end reporting (the “Sproule Report”). The Sproule Report is effective December 31, 2022 using Sproule’s forecast pricing as at December 31, 2022.
Sproule estimated that, as at December 31, 2022, the Carson Creek property contained remaining proved plus probable reserves of 161,000 barrels of oil and natural gas liquids and 882 MMcf of natural gas (307,000 boe), with an estimated net present value of $4.3 million using forecast pricing at a 10% discount.
The reserves volumes and values above and in the table below include TexCal’s interest in the Carson Creek North Beaverhill Lake Unit No. 1 which has been sold.
Carson Creek Liability Assessment
As of February 1, 2026, the Carson Creek property had a deemed liability value of $4.7 million.
Carson Creek Well List
Click here to download the complete well list in Excel.
As of February 1, 2026, the Carson Creek property had a deemed liability value of $4.7 million.
Carson Creek Well List
Click here to download the complete well list in Excel.
BELLIS
Township 58, Range 16-18 W4
The Bellis property consists of working interests in 24.25 sections of land with mineral rights in all P&NG. RME holds a 100% working interest in the land.
There is no production associated with the Bellis property. The Bellis property is prospective for the Clearwater.
The Bellis property consists of working interests in 24.25 sections of land with mineral rights in all P&NG. RME holds a 100% working interest in the land.
There is no production associated with the Bellis property. The Bellis property is prospective for the Clearwater.
Bellis Facilities
The Company does not operate any wells or facilities at Bellis.
Bellis Reserves
The Company does not have a third-party reserve report relating to the Bellis property.
Bellis Liability Assessment
The Company does not operate any wells or facilities at Bellis.
The Company does not operate any wells or facilities at Bellis.
Bellis Reserves
The Company does not have a third-party reserve report relating to the Bellis property.
Bellis Liability Assessment
The Company does not operate any wells or facilities at Bellis.
PROCESS & TIMELINE
Sayer Energy Advisors is accepting offers, as outlined in the SISP, until 12:00 pm on Thursday, April 30, 2026.
Sayer Energy Advisors does not typically 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, subject to the terms outlined in the SISP.
with the party(ies) submitting the most acceptable proposal(s) at the conclusion of the process, subject to the terms outlined in the SISP.
Sayer Energy Advisors is accepting offers, as outlined in the SISP,
noon on Thursday, April 30, 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 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: summary land information, most recent net lease operating statements, the Sproule Report, deemed liability information and other relevant corporate, financial and 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.