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Current Offerings / Longshore Resources Ltd.
Longshore Resources Ltd.
Property DivestitureBid Deadline:June 11, 2026
12:00 PM
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OVERVIEW
Longshore Resources Ltd. (“Longshore” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of its Mannville stack interests in the Sugden area of Alberta (the “Property”).The Property contains long tenure mineral leases and seismic upside within an active fairway, with no current production, wells, facilities, or asset retirement obligations. This presents a unique opportunity to initiate a preferred development approach to the Property.
Several offset operators have successfully developed multiple Mannville stack zones with multilateral borehole technology. This opportunity keys off both offset multilateral drilling success and the legacy vertical oil production from multiple Mannville sands on the Sugden lands, defining one of the few contiguous land blocks with significant inventory that remains across the greater Mannville stack play area.
Overview Map Showing the Location of the Divestiture Property
SUGDEN
Township 61, Range 8 W4Longshore holds a 100% working interest in 6.5 sections of land which consists of Oil Sands Leases with rights in the Mannville Group. The Oil Sands Leases are valid until September 2038 and May 2039.
There is currently no production associated with the Property, however there are several Mannville multi-lateral wells offsetting the Property producing 300-400 bbl/d of oil. The Company has utilized mapping and seismic data to confirm its acreage at Sugden contains thick, highly porous reservoirs within the Mannville stack compared to direct offset wells drilled on the flanks of the pool and structure.
Baytex Energy Ltd., Canadian Natural Resources Limited, Caltex Trilogy Inc., and Lycos Energy Inc. have developed several Mannville stack pools offsetting the Property.
Mannville Stack
The Company has identified several targets within the Mannville stack on the Property, as shown in the following well logs which penetrate the Mannville stack on the Company’s lands. Pay thicknesses of these zones range from 2-6 metres across the Property. This represents similar thicknesses to the successfully developed pools in the greater area.
Significant potential remains for multi-zone Mannville stack development utilizing multilateral drilling technology across this acreage. Additional data and mapping will be available in the virtual data room for parties that execute a confidentiality agreement.
Vantage Sugden 100/16-08-061-08W4/00 – Mannville Group Type Log
CNRL 9B Bnnyvlle 100/09-22-061-08W4/00 – Mannville Group Type Log
Sugden Seismic
The Company has seismic data in the form of trade 2D and proprietary 3D that the Company shot in December 2023 targeting the Mannville stack, as shown below. The seismic data is of significant quality and facilitates the multilateral well planning and development of the stacked reservoir targets. Further details of the Company’s data will be available in the virtual data room for parties that execute a confidentiality agreement.
Sugden Facilities
Longshore does not operate any wells or facilities at Sugden.
Sugden Reserves
Longshore does not have a current third-party reserves evaluation associated with the Property.
Sugden Liability Assessment
Longshore does not operate any wells or facilities at Sugden and has no associated liabilities.
Sugden Well List
Longshore does not operate any wells or facilities at Sugden.
PROCESS & TIMELINE
Sayer Energy Advisors is accepting proposals from interested parties for the Property until 12:00 pm on Thursday, June 11, 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, 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, email (brye@sayeradvisors.com) or fax (403.266.4467).
Included in the confidential information is the following: summary land information, geological information 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.