The Junior Producing Oil & Gas Company is located in Western Canada. The Company has 64,988 gross acres, net acres of over 50,000 with a total greater than 100 wells, and over 200 km of pipeline.
The Company produces its own oil and gas. 80% of gas flows through their own pipelines and 100% of oil is processed at their plant facility, which is fully owned by the Company.
The shareholders are pursuing a full sale of the business to a buyer who can grow the business further. The current owners are willing to remain in the business for a negotiated time period to ensure a smooth transition to new ownership.
The reason for the business sale is retirement.
Key Investment Highlights:
• Core properties produce directly to companies processing facility.
• Horizontal development opportunities
• Large block of land available for development with the ability to flow directly into the processing facility.
• 100% WI in processing facility
• Low overhead costs and low production costs.
• Processing facility has the capacity to process 2,500bbl oil/day and 3 mmcf of gas/day.
Great junior oil and gas operation. Excellent horizontal opportunities are available to the right buyers!
