Canamax Energy is looking to sell off some of its assets in the Grande Prairie area. The Calgary-based oil and gas company has oil wells in the Dunvegan, Montney, and Halfway region, with a deemed net asset value of $4.18 million.
Recently, sales from this area have averaged roughly 368 barrels of oil equivalent a day, including oil, natural gas liquids, and natural gas. Between it and some properties also for sale in the Brazeau River area near Jasper, Canamax says they have reserves of 1.3 million barrels of oil and natural gas liquids and 13.5 Bcf of natural gas, worth an estimated $15.3 million.
Sayer Energy Advisors is handling the sale. Cash offers will be accepted until November 23rd.