Offering Details
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Current Offerings / ISH Energy Ltd.
ISH Energy Ltd.
Property DivestitureBid Deadline: December 10, 2026
12:00 PM
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OVERVIEW
ISH Energy Ltd. (“ISH” 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 Desan area of northeastern British Columbia (the “Property”). The Company is selling the Property in order to focus its operations on its core areas.
Average daily production net to ISH from Desan for the 6 months ended June 30, 2026 was approximately 565 boe/d, consisting of 443 bbl/d of oil and natural gas liquids and 734 Mcf/d of natural gas. Production was impacted by pricing related natural gas shut-in for May and June 2026.
Operating income net to the Company from Desan for the 6 months ended June 30, 2026 was approximately $460,000 per month or $5.5 million on an annualized basis.
Average daily production net to ISH from Desan for the 6 months ended June 30, 2026 was approximately 565 boe/d, consisting of 443 bbl/d of oil and natural gas liquids and 734 Mcf/d of natural gas. Production was impacted by pricing related natural gas shut-in for May and June 2026.
Operating income net to the Company from Desan for the 6 months ended June 30, 2026 was approximately $460,000 per month or $5.5 million on an annualized basis.
Overview Map Showing the Location of the Divestiture Properties
DESAN, B.C.
NTS 094-P-2 - 094-P-11
ISH holds a primarily 100% working interest in the Desan area of northeastern British Columbia. Oil production at Desan is from the Pekisko and Shunda formations and natural gas is primarily from the Jean-Marie Formation.
Average daily production net to ISH from Desan for the 6 months ended June 30, 2026 was approximately 565 boe/d, consisting of 443 bbl/d of oil and natural gas liquids and 734 Mcf/d of natural gas. Production was impacted by pricing related natural gas shut-in for May and June 2026.
Operating income net to the Company from Desan for the 6 months ended June 30, 2026 was approximately $460,000 per month or $5.5 million on an annualized basis.
ISH holds a primarily 100% working interest in the Desan area of northeastern British Columbia. Oil production at Desan is from the Pekisko and Shunda formations and natural gas is primarily from the Jean-Marie Formation.
Average daily production net to ISH from Desan for the 6 months ended June 30, 2026 was approximately 565 boe/d, consisting of 443 bbl/d of oil and natural gas liquids and 734 Mcf/d of natural gas. Production was impacted by pricing related natural gas shut-in for May and June 2026.
Operating income net to the Company from Desan for the 6 months ended June 30, 2026 was approximately $460,000 per month or $5.5 million on an annualized basis.
Desan, B.C.
Gross Production Group Plot of ISH's Oil & Natural Gas Wells
The Company has recently performed 7 reactivations on wells currently producing 73 bbl/d of oil that had no reserves assigned in the year-end 2025 reserve evaluation.
Desan Upside
At Desan, the Company has identified multi-zone upside in the Debolt, Pekisko, Shunda and Jean-Marie formations.
Desan Upside
At Desan, the Company has identified multi-zone upside in the Debolt, Pekisko, Shunda and Jean-Marie formations.
The Company has identified infill drilling locations targeting sweet spots in the Pekisko where the waterflood has banked oil. ISH has not drilled any wells at Desan since 2012.
Debolt Formation
The Debolt Formation is the primary target of a new potential play across the Company’s lands at Desan as shown in the following well logs.
ISH has identified an opportunity for horizontal drilling and multi-stage fracing in the Debolt interval. The reservoir is characterized by porous, oil-stained limestone, low matrix permeability and abundant brittle chert, providing favourable conditions for fracture stimulation.
Debolt Formation
The Debolt Formation is the primary target of a new potential play across the Company’s lands at Desan as shown in the following well logs.
ISH has identified an opportunity for horizontal drilling and multi-stage fracing in the Debolt interval. The reservoir is characterized by porous, oil-stained limestone, low matrix permeability and abundant brittle chert, providing favourable conditions for fracture stimulation.
200/d-073-L 094-P-02
Debolt Formation Type Log
Debolt Formation Type Log
Pekisko Formation
ISH has identified upside drilling potential in the Pekisko Formation on its lands at Desan as shown in the following well logs.
ISH has identified upside drilling potential in the Pekisko Formation on its lands at Desan as shown in the following well logs.
200/b-005-D 094-P-07
Pekisko Formation Type Log
Pekisko Formation Type Log
Shunda Formation
ISH has identified further upside potential in the Shunda Formation on its lands at Desan as shown in the following well logs.
ISH has identified further upside potential in the Shunda Formation on its lands at Desan as shown in the following well logs.
200/d-046-D 094-P-07
Shunda Formation Type Log
Shunda Formation Type Log
Jean-Marie Formation
The Company has identified further development potential in the Jean-Marie Formation on its lands at Desan as shown in the following well logs.
The Company has identified further development potential in the Jean-Marie Formation on its lands at Desan as shown in the following well logs.
200/b-039-B 094-P-07
Jean-Marie Formation Type Log
Jean-Marie Formation Type Log
Further technical details on the Property will be made available to parties that execute a confidentiality agreement.
Desan Seismic
The Company has copies of trade 2D and 3D seismic data relating to its interests at Desan as shown on the following plat. Information relating to the seismic will be made available in the virtual data room to parties that execute a confidentiality agreement.
Desan Seismic
The Company has copies of trade 2D and 3D seismic data relating to its interests at Desan as shown on the following plat. Information relating to the seismic will be made available in the virtual data room to parties that execute a confidentiality agreement.
Desan Reserves
GLJ Ltd. (“GLJ”) prepared an independent reserves evaluation of the Property (the “GLJ Report”). The GLJ Report is effective December 31, 2025 using an average of GLJ, McDaniel & Associates Consultants Ltd., and Sproule ERCE’s forecast pricing as at January 1, 2026.
GLJ estimated that, as at December 31, 2025, the Desan property contained remaining proved plus probable reserves of 2.6 million barrels of oil and natural gas liquids and 1.4 Bcf of natural gas, with an estimated net present value of $9.9 million using forecast pricing at a 10% discount.
Note that the net present values in the GLJ Report only include asset retirement obligations of approximately $1.3 million associated with undeveloped locations. GLJ provided a cautionary note regarding the asset retirement obligations which will be made available to parties that execute a confidentiality agreement.
GLJ Ltd. (“GLJ”) prepared an independent reserves evaluation of the Property (the “GLJ Report”). The GLJ Report is effective December 31, 2025 using an average of GLJ, McDaniel & Associates Consultants Ltd., and Sproule ERCE’s forecast pricing as at January 1, 2026.
GLJ estimated that, as at December 31, 2025, the Desan property contained remaining proved plus probable reserves of 2.6 million barrels of oil and natural gas liquids and 1.4 Bcf of natural gas, with an estimated net present value of $9.9 million using forecast pricing at a 10% discount.
Note that the net present values in the GLJ Report only include asset retirement obligations of approximately $1.3 million associated with undeveloped locations. GLJ provided a cautionary note regarding the asset retirement obligations which will be made available to parties that execute a confidentiality agreement.
Desan Facilities
ISH owns the following facilities at Desan:
ISH owns the following facilities at Desan:
Desan Liability Assessment
As of September 17, 2026, the Desan property had a deemed liability value of $35.8 million.
Desan Well List
Click here to download the complete well list in Excel.
As of September 17, 2026, the Desan property had a deemed liability value of $35.8 million.
Desan Well List
Click here to download the complete well list in Excel.
PROCESS & TIMELINE
Sayer Energy Advisors is accepting cash offers from interested parties for the Property until 12:00 pm on Thursday, December 10, 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, December 10, 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 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: summary land information, most recent net lease operating statements, the GLJ Report, deemed liability information, and other relevant technical information.
Download Confidentiality Agreement
To receive further information on the Property please contact Ben Rye, Tom Pavic or Sydney Birkett at 403.266.6133.