Alberta Offer to Purchase Interest in Crown Leases

Make an offer to purchase an interest in crown leases with this downloadable template for Alberta oil and gas properties.

• The offer sets out how the purchase price will be allocated between petroleum and natural gas rights, tangibles, and miscellaneous interests.
• The template includes two interest clauses - one for no interest, and one for interest to be calculated from the effective date to the date before closing.
• If accepted, the offeror will prepare a formal purchase and sale agreement.
• The offer is subject to the offeror performing a satisfactory due diligence review of all books, files, records, and contracts.
• The transaction is subject to the offeror receiving all necessary regulatory approvals.
• The offer is also conditional upon a satisfactory environmental audit by the offeror.
• The transaction is subject to the vendor being satisfied that Alberta Energy will approve the transfer.