Overview: ExxonMobil Canada Resources Company (“ ExxonMobil Canada ”) holds approximately 850,000 acres of mineral fee title lands in southern Alberta, Canada (the “South Grant Lands” or “SGL”), est. 75%+ of which is now available for third party leasing opportunities. ExxonMobil Canada is accepting proposals to lease for all unleased lands in the SGL, subject to the lease terms noted below, and, at the sole discretion of ExxonMobil Canada, execution of a binding ExxonMobil Canada lease, for all unleased formations. Acceptable Lease Terms: Competitive commercial terms expected Primary term between 1-3 years with any extensions contingent on development Initial consideration and/or well commitments are expected Competitive royalty rates Tailored lease terms available for the exploration of helium and minerals (non-PNG). Area Highlights: Extensive unleased land position provides a unique opportunity to establish a large acreage position in a historically under-explored geographical area with multi-zone potential Undisposed infill crown acreage typically available at low entry costs Mostly year round access Substantial proprietary seismic available through local brokers Oil production from the Cardium Formation, Second White Specs, Barrons and Glauconitic Sandstones Roughly 720 producing wells targeting multiple formations Potential plays identified via third party review: Undrilled seismic amplitude anomalies in Mississippian […]
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