Alberta Offer to Sell Interest in Crown Leases

Sell your interest in certain crown leases with this template form for Alberta oil and gas properties.

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