Offering Details
Back
Current Offerings / Triland Energy Inc.
Triland Energy Inc.
Property DivestitureBid Deadline: June 11, 2026
12:00 PM
Download Full PDF - Printable
OVERVIEW
Triland Energy Inc. (“Triland” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of its oil interests located in the Ingoldsby area of southeastern Saskatchewan (the “Property”).Overview Map Showing the Location of the Divestiture Property
INGOLDSBY
Township 4, Range 32 W1At Ingoldsby, Triland holds a primarily 100% working interest in approximately 1.75 sections of land on which there are multi-lateral oil wells producing from the Frobisher Formation. The Company also has a full battery and a disposal well at 14-02-004-32W1.
Average daily production net to Triland from Ingoldsby for the year ended December 31, 2025 was approximately 48 bbl/d of oil.
Operating income net to the Company from Ingoldsby for the year ended December 31, 2025 was approximately $950,000.
Ingoldsby, Saskatchewan – Gross Production Group Plot of Triland’s Oil Wells
Ingoldsby Upside
The Frobisher Formation is the primary target across the Company’s lands at Ingoldsby as shown in the following well logs. The Company has identified drilling upside in a thick oil column, and believes there is significant upside in stacked multi lateral re-entries and new drills.
The Company’s proposed development includes horizontal wells with 2 lateral legs, however; recent operations immediately offsetting the Property to the south by Burgess Creek Exploration Inc. has utilized multiple leg laterals showing improved results through longer laterals and enhanced hydraulic fracturing. Based on analog pools offsetting the Property, waterflooding may also provide additional recovery potential. The Company has received a waterflood potential study by Benoit Regulatory Compliance on the Property.
Ultramar Ingoldsby W 101/12-02-004-32W1/0 – Frobisher Type Log
Further technical details on the Property will be made available to parties that execute a confidentiality agreement.
Ingoldsby Seismic
The Company has trade 2D seismic data relating to its interests at Ingoldsby as shown on the following plats. Information relating to the seismic will be made available in the virtual data room to parties that execute a confidentiality agreement.
Ingoldsby Marketing
Triland has a crude purchase agreement in place with Kingston Marketing Limited. Oil from 04-11-004-32W1 is trucked to the Alida Trucking Terminal.
Ingoldsby Reserves
Ryder Scott Company (“Ryder Scott”) prepared an independent reserves evaluation of the Property (the “Ryder Scott Report”). The Ryder Scott Report is effective March 31, 2026 using an average of GLJ Ltd., McDaniel & Associates Consultants Ltd., and Sproule ERCE’s forecast pricing as at April 1, 2026.
Ryder Scott estimated that, as at March 31, 2026, the Ingoldsby property contained remaining proved plus probable reserves of 402,000 barrels of oil, with an estimated net present value of $6.3 million using forecast pricing at a 10% discount.
Ingoldsby Facilities
Triland has a 100% working interest in a multi-well oil battery located at 14-02-004-32W1. The Company has a well effluent and water disposal agreement with Minrich Energy Ltd. for third-party disposal at the 14-02 battery.
Ingoldsby Liability Assessment
As of March 4, 2026, the Ingoldsby property had a deemed net asset value of $2.2 million (deemed assets of $2.9 million and deemed liabilities of $709,000), with an LMR ratio of 4.03.
Ingoldsby Well List
Click here to download the complete well list in Excel.
PROCESS & TIMELINE
Sayer Energy Advisors is accepting cash offers from interested parties for the Property until 12:00 pm on Thursday, June 11, 2026.
Sayer Energy Advisors does not 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 cash offers from interested parties until
noon on Thursday June 11, 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, mail (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 Ryder Scott Report, deemed liability information and other relevant technical information.
Download Confidentiality Agreement
To receive further information on the Property please contact Tom Pavic, Ben Rye or Sydney Birkett at 403.266.6133.