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Invitation For Proposal – Deep Well Oil & Gas

Ernst & Young Inc., in its capacity as Court-appointed Receiver (the “Receiver”) of Deep Well Oil & Gas (Alberta) Ltd. and Northern Alberta Oil Ltd. (collectively, “Deep Well”), is undertaking a sale and investment solicitation process (“SISP”) for a 25% working interest in an undeveloped Sawn Lake oil sands project, consisting of two oil sands leases (the “Assets”).

Petrus Boosts Output

Petrus Resources Ltd.’s total average annual production increased by 35 per cent to 10,301 boe/d in 2023, compared to 7,604 boe/d in 2022, in line with 2023 production guidance.

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