Jayhawk Resources Ltd. - VALHALLA
Bid Deadline: December 5th, 2012 4:00 P.M. MSTNRG Divestitures Inc. has been retained by Ernst & Young Inc. (Ernst & Young), in its capacity as Court appointed receiver of Cougar Oil and Gas Canada Inc. and not in its personal capacity, to assist in the receivership sale of the remaining assets of Cougar Oil and Gas Inc. (Cougar).
The package includes lands in the Alexander, Trout Lake, and Lucy fields, in addition to wells in the Buffalo Lake, Doris, Genesee, Long Coulee, Parkland, and Wilson Creek areas. While most of the wells are currently shut in, an estimated minimal investment of $200k may bring production back up to 100 boe/d.
Any asset sale will be completed on an “as is where is” basis and subject to approval of the Court.