Alberta Offer to Purchase Interest in Crown Leases

Use this downloadable template to make an offer to purchase an interest in crown leases in the Province of Alberta.

• Allocation of Purchase Price. The offer details how the purchase price will be allocated between petroleum and natural gas rights, tangibles, and miscellaneous interests.
• Interest Calculations. This sample offer letter includes two interest clauses - one for no interest, and one for interest to be calculated from the effective date to the date before closing.
• Formal Agreement. If accepted, the offeror will prepare a formal purchase and sale agreement.
• Conditions Precedent. The offer is subject to:
  • the offeror performing a satisfactory due diligence review of all books, files, records, and contracts;
  • the offeror receiving all necessary regulatory approvals;
  • a satisfactory environmental audit by the offeror;
  • the vendor being satisfied that Alberta Energy will approve the transfer.
• Jurisdiction. The offer form is written to be used in the Province of Alberta but can be modified for use in other Canadian provinces.
• How to Get the Form. You can download the MS Word template immediately after purchasing it.