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Verity Energy Ltd. - Asset Sale

Verity Energy Ltd, (Verity) has engaged NRG Divestitures to market the sale of its company.

Verity’s assets include interest in over 47,000 gross hectares of mineral rights across Alberta and Eastern British Columbia, with 2,610 MBOE of Proved and Probable reserves and a NPV10 of $22,071,000.

The top producing properties include Long Coulee, Grande Prairie, Veteran, Helmet, Sinclair, Tower Creek, and Zama. The assets are producing at a combined rate of 419 BOE/D, as of May 31, 2015, with considerable upside throughout the land base.

Verity has also identified potential in its non-producing properties of Hanna and Keho. Verity has assigned a production capability of 27 BOE/D to the currently non-producing Hanna property, which can be achieved with reactivations and infill drilling. Keho’s current production capability has been estimated at 12 BOE/D, with additional infill drilling potential.

This package presents an excellent opportunity to add considerable production, reserves, and new potential to your company’s portfolio.

The following asset files are available for download.

Download details Download CA Download PSA Letter of Intent