Offering Details
Back
Current Offerings / Prairie Thunder Resources Ltd.
Prairie Thunder Resources Ltd.
Property DivestitureBid Deadline: May 28, 2026
12:00 PM
Download Full PDF - Printable
OVERVIEW
Prairie Thunder Resources Ltd. (“Prairie Thunder” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of its oil and natural gas interests located in the Peerless area of Alberta (the “Property”). The Company is selling the Property in order to focus its operations on its core properties.Overview Map Showing the Location of the Divestiture Property
PEERLESS
Township 77-78, Range 22 W4At Peerless, Prairie Thunder holds a 100% working interest in an oilsands lease in 6 sections of land and has 5 sections under option for a 50% working interest as shown in red on the map below. The option lands are currently held by Petroleo Resources Inc.
The Property has significant potential for development of the Wabiskaw-McMurray reservoir in the Athabasca oilsands area. Prairie Thunder drilled the horizontal well PTRL Hz DriftW 103/03-30-077-22W4/00 in October 2025. The well was completed in the Wabiskaw A zone and produced 13°API oil over a 25-day test period in December 2025, achieving an average rate of approximately 70 bbl/d. The Property is not currently producing.
Further details relating to the Property will be provided in the virtual data room to parties that execute a confidentiality agreement.
Peerless Upside
The Company has licenced a Wabiskaw horizontal drilling location on its option lands located at Peerless (00/03-04-078-22W4/00). The well must be spud by June 30, 2026 in order to earn the option lands.
The Cretaceous sandstone of the Wabiskaw consists of a series of prograding stacked shoreface deposits. The Wabiskaw overlays the fluvial deltaic sands and shales of the McMurray Formation and is overlain by the Clearwater Formation, which consists primarily of interbedded silty sands and shales. The Wabiskaw B is the main horizontal target reservoir. The interval has porosity between 28%-30% with 3-6 metres of net pay and water saturation of 40%. Heavy oil from the Wabiskaw at Peerless is approximately 13°API.
The Property has significant potential for development of the Wabiskaw-McMurray reservoir. Further details relating to the Property will be provided in the virtual data room to parties that execute a confidentiality agreement.
Renaissance Driftwood 00/07-05-078-22W4/00 – Wabiskaw Formation Type Log
The Wabiskaw-McMurray has been extensively developed on primary, waterflood and polymer flood offsetting the Property by various operators including Canadian Natural Resources Limited, Cenovus Energy Inc. and Headwater Exploration Inc., as shown on the following map.
Peerless Reserves
InSite Petroleum Consultants Ltd. (“InSite”) prepared an independent reserves evaluation of the Property (the “InSite Report”) as part of the Company’s year end reporting. The InSite Report is effective January 1, 2026 using InSite’s December 31, 2025 forecast pricing.
InSite estimates that, as at January 1, 2026, the Peerless property contained remaining proved plus probable reserves of 686,000 barrels of oil and 246 MMcf of natural gas (727,000 boe), with an estimated net present value of $13.4 million using forecast pricing at a 10% discount.
Peerless Facilities
At Peerless, Prairie Thunder owns an interest in the following facility:
Seismic Overview
The Company has one trade 2D seismic line over its lands at Peerless. Further details of the seismic are available in the virtual data room for parties which have executed a confidentiality agreement.
Peerless Liability Assessment
As of May 6, 2026, the Peerless property had a deemed liability value of $112,602.
Peerless Well List
Click here to download the complete Well List in Excel.
PROCESS & TIMELINE
Sayer Energy Advisors is accepting proposals from interested parties for the Property until 12:00 pm on Thursday, May 28, 2026.
Sayer Energy Advisors does not typically conduct a "second-round" bidding process; the intention is to attempt to conclude a
transaction with the party submitting the most acceptable proposal at the conclusion of the process.
transaction with the party submitting the most acceptable proposal at the conclusion of the process.
Sayer Energy Advisors is accepting proposals from interested parties until
noon on Thursday, May 28, 2026.
NOTE REGARDING A SAYER PROCESS
On each and every offering brochure generated by Sayer, you will note the sentence “Sayer Energy Advisors does not conduct a “second-round” bidding process; the intention is to attempt to conclude a sale of the Property with the party submitting the most acceptable proposal at the conclusion of the process.” What this means is that Sayer will not go back to multiple parties at the same time after bids are received, asking them all for a second bid. We determine which party submitted the most acceptable proposal and then we attempt to negotiate acceptable terms with that party in a “one-off” situation.
If the process involves a cash sale of a property or company and the party which submitted the most acceptable proposal has met our client’s threshold value, that offer will be accepted. If this proposal does not meet our client’s threshold value, then we will advise that party that the offer is not quite what our client was expecting, and we will ask them to increase the offer. If that offer is not acceptable to our client, we will then move down to the party which submitted the next most acceptable proposal and we will then work with that party to attempt to meet our client’s threshold value.
In the extremely rare circumstance where two or more parties submit virtually identical proposals, we will contact all parties, we will advise them of this situation and we will ask them to submit a revised proposal. Once these are received, we will work with the party which has submitted the most acceptable proposal.If the process involves a cash sale of a property or company and the party which submitted the most acceptable proposal has met our client’s threshold value, that offer will be accepted. If this proposal does not meet our client’s threshold value, then we will advise that party that the offer is not quite what our client was expecting, and we will ask them to increase the offer. If that offer is not acceptable to our client, we will then move down to the party which submitted the next most acceptable proposal and we will then work with that party to attempt to meet our client’s threshold value.
CONFIDENTIALITY AGREEMENT
Parties wishing to receive access to the confidential information with detailed technical information relating to this opportunity should execute the Confidentiality Agreement and return one copy to Sayer Energy Advisors by courier, email (tpavic@sayeradvisors.com) or fax (403.266.4467).
Included in the confidential information is the following: summary land information, financial information, the InSite Report and other relevant technical information.
Download Confidentiality Agreement
To receive further information on the Property please contact Tom Pavic, Ben Rye or Sydney Birkett at 403.266.6133.