Offering Details
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Current Offerings / Carrick Petroleum Inc.
Carrick Petroleum Inc.
Corporate DivestitureBid Deadline: October 29, 2026
12:00 PM
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OVERVIEW
Carrick Petroleum Inc. (“Carrick” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of the shares of the Company.
Carrick is a junior oil and natural gas company with oil and natural gas interests located in the Redwater and Stolberg areas of Alberta (the “Properties”).
The Company shut-in its operated production in 2024.
Current production is from Carrick’s overriding royalty interest in one well at Stolberg, operated by Petrus Resources Corp., producing from the Cardium Formation.
The greater Redwater area is surrounded with several Clearwater oil pools. The Company has identified upside in the Clearwater Group on its lands at Redwater including the Sparky and Lloydminster formations.
As of September 1, 2026, the Company had a deemed liability value of $265,031.
Carrick is a junior oil and natural gas company with oil and natural gas interests located in the Redwater and Stolberg areas of Alberta (the “Properties”).
The Company shut-in its operated production in 2024.
Current production is from Carrick’s overriding royalty interest in one well at Stolberg, operated by Petrus Resources Corp., producing from the Cardium Formation.
The greater Redwater area is surrounded with several Clearwater oil pools. The Company has identified upside in the Clearwater Group on its lands at Redwater including the Sparky and Lloydminster formations.
As of September 1, 2026, the Company had a deemed liability value of $265,031.
Overview Map Showing the Location of the Properties
Corporate Overview
Carrick is a privately-held corporation with oil and natural gas operations located in Alberta.
As at June 30, 2026, Carrick had no bank debt, negative working capital of $316,000 and as at December 31, 2025, total tax pools of approximately $21.7 million including $12.4 million in non-capital losses. There are no office lease or severance obligations associated with the Company.
Additional corporate information relating to Carrick will be provided to parties that execute a confidentiality agreement.
Carrick is a privately-held corporation with oil and natural gas operations located in Alberta.
As at June 30, 2026, Carrick had no bank debt, negative working capital of $316,000 and as at December 31, 2025, total tax pools of approximately $21.7 million including $12.4 million in non-capital losses. There are no office lease or severance obligations associated with the Company.
Additional corporate information relating to Carrick will be provided to parties that execute a confidentiality agreement.
Gross Production Group Plot of the Properties
STOLBERG
Township 42, Range 14-15 W5
In the Stolberg area, Carrick holds various working interests in 1.5 sections of land at Stolberg.
The Company shut-in its operated production in 2024 due to weak natural gas prices. Prior to being shut-in, the well Carrick Stolberg 02/14-02-042-15W5/02 was producing natural gas at a rate of 294 Mcf/d (49 boe/d) from the Bluesky Formation.
Current production is from Carrick’s overriding royalty interest in one well at Stolberg operated by Petrus Resources Corp., from the Cardium Formation at a gross rate of approximately 12 boe/d (9 bbl/d of oil and 20 Mcf/d of natural gas).
Royalty income net to Carrick from the Petrus Stolberg 02/05-06-042-14W5/04 well at Stolberg was approximately $5,300 for the six months ended June 30, 2026.
In the Stolberg area, Carrick holds various working interests in 1.5 sections of land at Stolberg.
The Company shut-in its operated production in 2024 due to weak natural gas prices. Prior to being shut-in, the well Carrick Stolberg 02/14-02-042-15W5/02 was producing natural gas at a rate of 294 Mcf/d (49 boe/d) from the Bluesky Formation.
Current production is from Carrick’s overriding royalty interest in one well at Stolberg operated by Petrus Resources Corp., from the Cardium Formation at a gross rate of approximately 12 boe/d (9 bbl/d of oil and 20 Mcf/d of natural gas).
Royalty income net to Carrick from the Petrus Stolberg 02/05-06-042-14W5/04 well at Stolberg was approximately $5,300 for the six months ended June 30, 2026.
Stolberg, Alberta
Gross Production Group Plot of Carrick's Oil Wells
Stolberg Reserves
The Company does not have a third-party reserve report.
Stolberg Facilities
Carrick does not have working interests in any facilities at Stolberg.
Stolberg Liability Assessment
As of September 1, 2026, the Stolberg property had a deemed liability value of $197,842.
Stolberg Well List
Click here to download the complete well list in Excel.
The Company does not have a third-party reserve report.
Stolberg Facilities
Carrick does not have working interests in any facilities at Stolberg.
Stolberg Liability Assessment
As of September 1, 2026, the Stolberg property had a deemed liability value of $197,842.
Stolberg Well List
Click here to download the complete well list in Excel.
REDWATER
Township 57-58, Range 23-24 W4
In the Redwater area, Carrick holds various working interests in 14 sections of land.
The Company shut-in its operated production in 2024.
In the Redwater area, Carrick holds various working interests in 14 sections of land.
The Company shut-in its operated production in 2024.
Redwater, Alberta
Gross Production Group Plot of Carrick's Oil Wells
Redwater Upside
The greater Redwater area is surrounded with several Clearwater oil pools. The Company has identified upside in the Clearwater Group on its lands at Redwater including the Sparky and Lloydminster formations.
In June 2022, Carrick drilled a 6-leg horizontal well at CPI Hz Redwater 08-10-058-23W4 as a test well for the purposes of a farmout agreement. The well was drilled horizontally from a surface location at 06-12-058-23W4.
The greater Redwater area is surrounded with several Clearwater oil pools. The Company has identified upside in the Clearwater Group on its lands at Redwater including the Sparky and Lloydminster formations.
In June 2022, Carrick drilled a 6-leg horizontal well at CPI Hz Redwater 08-10-058-23W4 as a test well for the purposes of a farmout agreement. The well was drilled horizontally from a surface location at 06-12-058-23W4.
The well was drilled targeting the quartzose Lloydminster Formation, which resulted in 10° API oil that was very viscous and impeded the flow of the lighter oil of the upper Lloydminster. The upper Lithic Lloydminster displayed high natural gas readings and very live oil staining.
The well was put on production after a successful test period. The well tested up to 94 bbl/d of oil near the end of the test and then it loaded up with tarry oil from the lower quartzose zone. Three oil samples were taken and resulted in oil qualities of 18.5°, 18.6° and 16.3° API. Initial oil production was 50 bbl/d with a 27% water cut. After fourth months of producing at 20 bbl/d with a 50% water cut, the well was slugging tarry oil and was shut-in.
The well produced to a single well battery with residual natural gas available to heat the onsite tanks.
The Company has identified upside in drilling 1 to 3 wells off this existing pad site to minimize development costs going forward.
The 08-10 test well proved oil production in the Lithic Lloydminster Formation as well as identifying a new oil play in this area.
Carrick secured additional lands to the south where there is a low-risk Lithic Lloydminster drilling location.
The Company has identified potential for horizontal drilling in the Lithic Lloydminster and Sparky plays as shown in the following well logs.
The well was put on production after a successful test period. The well tested up to 94 bbl/d of oil near the end of the test and then it loaded up with tarry oil from the lower quartzose zone. Three oil samples were taken and resulted in oil qualities of 18.5°, 18.6° and 16.3° API. Initial oil production was 50 bbl/d with a 27% water cut. After fourth months of producing at 20 bbl/d with a 50% water cut, the well was slugging tarry oil and was shut-in.
The well produced to a single well battery with residual natural gas available to heat the onsite tanks.
The Company has identified upside in drilling 1 to 3 wells off this existing pad site to minimize development costs going forward.
The 08-10 test well proved oil production in the Lithic Lloydminster Formation as well as identifying a new oil play in this area.
Carrick secured additional lands to the south where there is a low-risk Lithic Lloydminster drilling location.
The Company has identified potential for horizontal drilling in the Lithic Lloydminster and Sparky plays as shown in the following well logs.
Further technical details on the Properties will be made available to parties that execute a confidentiality agreement.
Redwater Reserves
The Company does not have a third-party reserve report.
Redwater Facilities
Carrick does not have working interests in any facilities at Redwater.
Redwater Liability Assessment
As of September 1, 2026, the Redwater property had a deemed liability value of $67,189.
Redwater Well List
Click here to download the complete well list in Excel.
Redwater Reserves
The Company does not have a third-party reserve report.
Redwater Facilities
Carrick does not have working interests in any facilities at Redwater.
Redwater Liability Assessment
As of September 1, 2026, the Redwater property had a deemed liability value of $67,189.
Redwater Well List
Click here to download the complete well list in Excel.
PROCESS & TIMELINE
Sayer Energy Advisors is accepting proposals relating to this process until 12:00 pm on Thursday, October 29, 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, October 29, 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 Company 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 (brye@sayeradvisors.com) or fax (403.266.4467).
Included in the confidential information is the following: corporate financial information, summary land information, liability assessment and other relevant corporate and technical information.
Download Confidentiality Agreement
To receive further information on the Company please contact Ben Rye, Tom Pavic or Sydney Birkett at 403.266.6133.