Acquisitions & Divestitures

Conventional Asset Offering 2024

  1. Upon receipt of a signed Confiden􀆟ality Agreement (“CA”) atached, your company will be granted access to a Firmex Virtual Data Room (“VDR”) including all available data for the Assets.
  2. VDR will open as of April 22, 2024 and will close on the date bids are due.
  3. All questions are to be directed to the Company at A&D@harvestenergy.ca. you are not to contact any other Company personnel.
  4. While Harvest preference is to conduct the offering on a Whitemap basis and is expected to include all of the assets. In the event that no acceptable offers are received for the entirety of the assets; Harvest may, at its sole discretion consider partial offers. Offers received on the entire package will be considered with higher priority than any offer for a portion of the assets.
  5. In the event of a nominal value for all or por􀆟on of the assets, Harvest will consider utlizing a Quit Claim of simple Conveyance documents for the transaction.
  6. Should you not wish to sign a CA and yet put an offer on certain assets, such offer will be considered along with other offers received at the proposal due date.

If you wish to participate in Offering Process, please sign and return CA to Mary Shearer at A&D@harvestenergy.ca. along with the names and email address of those you wish to have VDR access.

  • Process Open: July 10th, 2024
  • Bids Due: 12 Noon (MDT), September 30th, 2024

Bidding Process

  1. Proposal due: Bids/proposals for the Offering Assets will be due no later than 12 noon (Mountain Time) on May 22, 2024. Any proposal is to be submitted by email only to A&D@harvestenergy.ca. There will NOT be a second round of bidding.
  2. Effective Date: Harvest preferred effective date of this transaction is January 1, 2024.
  3. Expiration: In order to allow sufficient 􀆟me for the Company evaluation process, your proposal should be open for acceptance for a period of 4 weeks after the bid date.
  4. Consideration: Offers should be on a cash only basis in Canadian Dollars. Shares or other forms of consideration will not be considered. While Harvest will consider a nominal offer for certain assets, Harvest will not consider a negative consideration.
  5. Timing/Conditions to Sign and Close: the Company intends to work towards prompt execution of the PSA or other document. The Company believes that sufficient 􀆟me and access has been provided to prospective purchaser to conduct and complete their necessary evaluation expeditiously prior to the bid due date. You are expected to identify any further confirmatory due diligence you require and your expected timing to remove any condition, execute the PSA and close into escrow, if required. It is expected that all due diligence is completed prior to signing the PSA.
  6. Escrow Closing: as there will be an applica􀆟on to AER for license transfers, the Company policy of closing into escrow will occur, where deemed appropriate. Escrow Closing contemplates that the PSA is signed along with the “Main Transaction Documents” (as defined in PSA) as well as a deposit covering a portion of the purchase price. These documents and deposit will be place into escrow with the Company Escrow Agent (Norton Rose Fulbright). The License Transfers will then be submited to the AER for registration. Final Closing will occur after the transfers are registered with AER. See PSA for details.
  7. PSA: The Company precent PSA will be available in the VDR and it is expected that you will review and advise in your offering leter if there are any material terms in the PSA that you request changes to.
Conventional Offering Process 2024Conventional Asset Confidentiality Agreement Teaser 2024 Conventional Offering

Area Maps



Wayne-Cavalier Offering 2024

  1. Upon receipt of a signed Confiden􀆟ality Agreement (“CA”) atached, your company will be granted access to a Firmex Virtual Data Room (“VDR”) including all available data for the Assets.
  2. VDR will open as of April 22, 2024 and will close on the date bids are due.
  3. All questions are to be directed to the Company at A&D@harvestenergy.ca. you are not to contact any other Company personnel.
  4. While Harvest preference is to conduct the offering on a Whitemap basis and is expected to include all of the assets. In the event that no acceptable offers are received for the entirety of the assets; Harvest may, at its sole discretion consider partial offers. Offers received on the entire package will be considered with higher priority than any offer for a portion of the assets.
  5. In the event of a nominal value for all or por􀆟on of the assets, Harvest will consider utlizing a Quit Claim of simple Conveyance documents for the transaction.
  6. Should you not wish to sign a CA and yet put an offer on certain assets, such offer will be considered along with other offers received at the proposal due date.

If you wish to participate in Offering Process, please sign and return CA to Mary Shearer at mary.shearer@harvestenergy.ca. along with the names and email address of those you wish to have VDR access.

  • Process Open: April 22nd, 2024
  • Bids Due: 12 Noon (MDT), May 22nd, 2024

Bidding Process

  1. Proposal due: Bids/proposals for the Offering Assets will be due no later than 12 noon (Mountain Time) on May 22, 2024. Any proposal is to be submitted by email only to A&D@harvestenergy.ca. There will NOT be a second round of bidding.
  2. Effective Date: Harvest preferred effective date of this transaction is January 1, 2024.
  3. Expiration: In order to allow sufficient 􀆟me for the Company evaluation process, your proposal should be open for acceptance for a period of 4 weeks after the bid date.
  4. Consideration: Offers should be on a cash only basis in Canadian Dollars. Shares or other forms of consideration will not be considered. While Harvest will consider a nominal offer for certain assets, Harvest will not consider a negative consideration.
  5. Timing/Conditions to Sign and Close: the Company intends to work towards prompt execution of the PSA or other document. The Company believes that sufficient 􀆟me and access has been provided to prospective purchaser to conduct and complete their necessary evaluation expeditiously prior to the bid due date. You are expected to identify any further confirmatory due diligence you require and your expected timing to remove any condition, execute the PSA and close into escrow, if required. It is expected that all due diligence is completed prior to signing the PSA.
  6. Escrow Closing: as there will be an applica􀆟on to AER for license transfers, the Company policy of closing into escrow will occur, where deemed appropriate. Escrow Closing contemplates that the PSA is signed along with the “Main Transaction Documents” (as defined in PSA) as well as a deposit covering a portion of the purchase price. These documents and deposit will be place into escrow with the Company Escrow Agent (Norton Rose Fulbright). The License Transfers will then be submited to the AER for registration. Final Closing will occur after the transfers are registered with AER. See PSA for details.
  7. PSA: The Company precent PSA will be available in the VDR and it is expected that you will review and advise in your offering leter if there are any material terms in the PSA that you request changes to.
Wayne-Cavalier Offering and Bidding ProcessWayne-Cavalier Confidentiality Agreement Area Map

If there is specific interest in certain assets, contact: