BNP Resources Inc. has accepted an offer for the sale of the Jensen wellbores and leases, from a private company for consideration of $200,000, less adjustments and sales commissions.
The offer is conditional upon receiving approval from the freehold leaseholders and the Alberta Energy Regulator (AER). The sale is estimated to close on April 1, 2014. No offers were received for the other wellbores.
After closing of the sale and transfer of well licenses, the company will become eligible for the return of approximately $150,000 in deposits from the Alberta Energy Regulator (AER).