Offering Details

Maple Leaf 2013 Oil & Gas Income LP
Maple Leaf 2015 Oil & Gas Income LP
Royalty Interest Divestiture
Bid Deadline: 6/25/2020 12:00 PM

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OVERVIEW

Maple Leaf 2013 Oil & Gas Income LP (“Maple Leaf 2013”) and Maple Leaf 2015 Oil & Gas Income LP (“Maple Leaf 2015”) (collectively “Maple Leaf” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of the royalty interests held by the Company.

The Company holds royalty interests in properties located in the Drumheller, Twining, Rumsey, Harmattan-Elkton, Provost, Mikwan, Ricinus, Strachan, Ferrier, Ferrybank, Homeglen-Rimbey, Crystal, Willesden Green, Brazeau, Pembina, Chip Lake, Newton, Wembley, and Flood areas of Alberta (the “Properties”).

Maple Leaf 2015 only has a royalty interest in three wells at Willesden Green.  The remaining Properties are held under Maple Leaf  2013.  Maple Leaf 2015 will require a separate bid as these royalty interests are held in a separate fund.

Production net to the Company in 2019 was approximately 48 boe/d (179 Mcf/d of natural gas and 18 bbl/d of oil and natural gas liquids per day).

Royalty income from the Properties was approximately $380,000 in 2019.

Overview Map Showing Location of the Divestiture Properties

CASH FLOW, PRODUCTION & RESERVES OVERVIEW

The Properties are operated by a number of exploration and production companies including Baytex Energy Corp., Bonavista Energy Corporation, Boulder Energy Ltd., Canamax Energy Ltd., Cenovus Energy Inc., Canadian Natural Resources Limited, Ember Resources Inc., Lynx Energy ULC, NAL Resources Management Ltd., Orlen Upstream Canada Ltd., Pine Cliff Energy Ltd., Sinopec Canada Energy Ltd., TAQA North Ltd., Tempus Energy Ltd. and Triple Five Intercontinental Group Ltd. as well as several additional companies.

Production net to the Company in 2019 was approximately 48 boe/d (179 Mcf/d of natural gas and 18 bbl/d of oil and natural gas liquids per day).

Royalty income from the Properties was approximately $380,000 in 2019.

RESERVES & VALUE

Sproule Associates Limited (“Sproule”) prepared an independent reserves evaluation of the Properties as part of the Maple Leaf 2013’s year-end reporting (the “Sproule Report”).  The Sproule Report is effective December 31, 2019 using Sproule’s December 31, 2019 forecast pricing.

Sproule estimates that as of December 31, 2019, the Properties contained remaining proved plus probable reserves of 64,000 barrels of oil and natural gas liquids and 598 MMcf of natural gas (163,000 boe), with an estimated before tax net present value of approximately $2.7 million using forecast pricing at a 10% discount.

There is no current reserve report for the Maple Leaf 2015 interests.