NAL Resources (“NAL”), on behalf of Manulife and NAL Oil & Gas Trust, has initiated a process to divest certain non-core oil and natural gas assets in Alberta and Southeast Saskatchewan and has retained FirstEnergy Capital Corp. (“FirstEnergy”) as its exclusive financial advisor.
The offering has been organized into 11 property packages with total working interest production of approximately 1,900 boe/d (~48% oil and liquids). The major properties include the operated and large OIP Joffre D-2 Unit No.1 (396 boe/d) and unit and non-unit interests at Weyburn (362 bbl/d oil). Other properties are located in Pembina/Willesden Green, southeast Alberta, Manola, Hangingstone, the Peace River Arch, Swan Hills, Veteran, Rosalind/Twinning, and Rainbow Lake.
For more detailed information about the opportunity, visit the FirstEnergy website by clicking here.
For more information on the NAL divestiture, please contact FirstEnergy at:
Richard J. Matthews
Vice President & Director
403-262-0677
rjmatthews@firstenergy.com
Derek T. Kreba
Associate
403-262-0660
dtkreba@firstenergy.com
Mark C. Pearson
Associate
403-444-8284
mcpearson@firstenergy.com
Stacey D. Epp
Analyst
403-444-4897
sdepp@firstenergy.com