Blue Sky to acquire oil and gas assets in BC and Alberta in Canada

Blue Sky Global Energy (BGE) signed a letter of intent with Blue Sky Resources to acquire the entire oil and gas assets in British Columbia (BC) and Alberta, Canada.

BGE previously acquired a 50 % interest in these assets last year.

The total purchase price of the 50 % interest in BC’s assets and 50 % interest in Alberta’s assets is $ 19 million, and stop financing and other standard conditions.

BGE will become the asset factor upon completion of the transaction.

The acquisition includes the distinctive origins of light oil that is characterized by multi -regional production of 64 wells and the formation of 97 % of light sweet sweet oil with API’s attractiveness between 38 and 41.

These assets currently resulted in about 130 barrels of daily oil equivalent (BOEPD), especially from the barrel and Gilwood river formations, which are spreading more than 14,000 pink acres.

Strong seismic coverage is available throughout the asset base and in place in place, which is characterized by a great ability to treat oil.

The acquisition process is subject to standard diligence, representation, guarantees and closing conditions.

The finishing touches on the deal are placed on the approval of Excination TSX and a successful financing by BGE.

BGE is a publicly circulated company with a variety of oil and gas assets throughout Canada, Indonesia and Blaze.

In addition to BC’s assets, BGE has a 50 % interest in asset production in northeastern BC.

Internationally, the company has a production participation contract for the PAUS bloc, which spanned about 8,214 square kilometers from East Natona, Indonesia.

In Belize, BGE has a production participation agreement that covers about 180,000 acres in the Corusal Basin, including the discovery of the SBC field.

In November 2024, Alberta Energy Organization (AER) stopped sunlight oils, including its wells, facilities and pipelines, due to the lack of consistent compliance with the regulations.

Aer also forced the company to direct the company to secure a deposit worth $ 6.09 million to cover the potential obligations associated with its inactive sites and maintain the appropriate site management.

“Blue Sky for Oil and Gas Assets in BC and Alberta in Canada” was originally created by Offshore Technology, a brand owned by Globaldata.

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