Ernst & Young - Avatar Energy Ltd. - Receivership Sale
Avatar Energy Ltd., (Avatar) has engaged NRG Divestitures to market its remaining Alberta oil and gas assets.
As of January 31,2013 the assets are producing 77 Boe/d, or 18 bbls/d net oil and liquids, and 356 mcf/d of net sales gas from 8 wells. The properties are cash flowing net $200,000.00 per year. The Brazeau property includes the potential for up to 5 Cardium horizontal oil wells.