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Drakkar, Blacksteel Tap Advisor for Strategic Alternatives, Potential Sale
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Drakkar Energy Ltd. and Blacksteel Energy Inc. have engaged Sayer Energy Advisors to assist with a joint sales process / to explore strategic alternatives.
The companies have assets in the Peace River area of Alberta, Canada.
Company's Assets
Recent Production: Averaged approximately 41 BOPD
Reserves: Combined PDP reserves of 2.29 MMBOE
- Drakkar’s 70% working interest in the Girouxville property contained remaining proved plus probable reserves of 1.6 MMBOE with an estimated net present value of $15.1 million.
- Blacksteel’s 30% working interest in the Girouxville property contained remaining proved plus probable reserves of 690 MBOE with an estimated net present value of $6.1 million using forecast pricing at a 10% discount.
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