ASSET DIVESTITURE

Harvest Operations Corp. (“Harvest” or the “Company”) has engaged CIBC Capital Markets (“CIBC”) as its financial advisor to solicit and evaluate proposals for the sale of certain high-quality assets in Alberta and British Columbia


  • 67% WI assets in Alberta and northeast British Columbia
  • Current oil-weighted production of ~6,600 boe/d (72% oil)
  • Estimated 2019 annual cash flow of $30 MM at strip pricing
  • Significant drilling and EOR opportunities

Map


It is the intention of Harvest and CIBC to conduct the process such that it minimizes any disruption to Harvest’s operations. Interested parties should not contact Harvest directly regarding any aspect of the process. All communications, enquiries and requests for information relating to the process should be directed to one of the CIBC individuals listed herein.

Signed Confidentiality Agreements (“CA”) should be forwarded by email or courier to CIBC. Once a CA has been executed, confidential information will be made available to qualified parties via a Virtual Data Room (“VDR”).

The offering process timeline will be communicated to counterparties after they have executed a CA.


Key Contacts:


Investment Banking


Acquisitions & Divestitures


Chris Folan
Managing Director
403-260-0504
chris.folan@cibc.com


Doug Ashton, P.Eng.
Executive Director
Chief Engineer
403-260-8654
doug.ashton@cibc.com


Matt Norris
Director
403-216-3003
matthew.norris@cibc.com


David Smith, P.Geol.
Executive Director
Chief Geologist
403-260-0505
davidw.smith@cibc.com


Philip Mankowski*
Associate
403-221-4136
philip.mankowski@cibc.com


Chris Perry, P. Eng., MBA
Evaluation Engineer
403-216-3013
christopher.perry@cibc.com

* CA Contact