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Offer to Purchase Interest in Crown Leases (Alberta)

Use this letter template to prepare an offer to purchase an interest in certain crown leases in the Province of Alberta. Key points of the offer include (among others):

  • amount and allocation of purchase price between petroleum and natural gas rights, tangibles, and miscellaneous interests,
  • optional interest clauses included,
  • if accepted, the offeror will prepare a formal purchase and sale agreement,
  • offer is subject to the offeror performing a satisfactory due diligence review of all books, files, records, and contracts
  • transaction is subject to the offeror receiving all necessary regulatory approvals,
  • offer conditional upon offeror conducting a satisfactory environmental audit,
  • transaction subject to the vendor being satisfied that Alberta Energy will approve the transfer.

This is a Canadian oil and gas document, in MS Word format.





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