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Broadview Energy Ltd. (“Broadview” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of its non-core oil and natural gas interests located in the Marwayne area of Alberta (the “Property”). The Property consists of multi-zone, heavy oil production with a low recovery factor to date and with approximately 48.4 million barrels of original oil in place in both the GP and Sparky formations. The Company has a 100% working interest in an oil sands lease on Section 18-053-01W4 which is prospective for oil in the Sparky and GP formations. The Property has all season access with a lot of surrounding infrastructure and good access to market. Broadview has a 100% working interest in two suspended vertical wells at Marwayne. The 06/11-18-053-01W4/00 well and the 05/16-18-053-01W4/00 well. Both wells have a wellhead and a bermed tank. Additionally, the Company has a gross overriding royalty interest (“GORR”) of 7.5% on three wells operated by Acceleware Ltd. which are part of a farm-out agreement. On December 20, 2022 Acceleware announced it had received an additional $900,000 in grant funding from Alberta Innovates to be used for a workover at Marwayne. Details on production and Broadview’s royalty […]
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