NOTICE OF RENUNCIATION

Transcription

1 NOTICE OF RENUNCIATION WHEREAS Hardie & Kelly Inc. is the court-appointed receiver (the "Receiver") of all of the current and future assets, undertakings and properties of every nature and kind whatsoever, and wherever situate, including all proceeds thereof (the "Property"), of Glencoe Resources Ltd. ("Glencoe"); AND WHEREAS the Receiver was appointed with respect to the Property pursuant to a receivership order granted by the Alberta Court of Queen's Bench in Action No on January 23, 2017 (the "Receivership Order") and the provisions of the Bankruptcy and Insolvency Act, RSC 1985, c B-3 (the "BIA"); AND WHEREAS in accordance with section 3(b) of the Receivership Order, the Receiver is empowered and authorized to abandon, renounce, or divest its interest in any of Glencoe's real property, or any right in any immovable, including a licence or other authorization issued by the Alberta Energy Regulator, pursuant to section 14.06(4) of the BIA notwithstanding the provisions of the Oil and Gas Conservation Act, RSA 2000, c-o-6 or the Pipeline Act, RSA 2000, c. P-15; AND WHEREAS Glencoe holds interests in certain properties, listed in Schedule "A" attached hereto (the "Properties"); NOW THEREFORE KNOW ALL MEN BY THESE PRESENTS that the Receiver, effective immediately, in accordance with, inter alia the Receivership Order and section 14.06(4) of the BIA, hereby abandons, renounces and releases any and all interest in respect of any interest Glencoe may have in the Properties, including but not limited to any regulatory licenses, working interests, or real property or any immovable that is affected by or subject to the Properties. IN WITNESS WHEREOF, the Receiver executed this Notice of Renunciation effective as of the 1st day of February, 2018 unless otherwise set out in Schedule "A" with respect to certain of the Properties. SIGNED, SEALED AND DELIVERED HARDIE & KELLY INC., in its capacity as the court-appointed receiver of GLENCOE RESOURCES LTD., and not in its corporate or personal capacity Per: Charla Smith Vice President

2 SCHEDULE "A" Page 1 of 2

3 Wellbore License Number Schedule A - Wells Current Licensee 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 103/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W CANADIAN NATURAL RESOURCES LIMITED 103/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W GLENCOE RESOURCES LTD. 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W SOUTH RIDGE MANAGEMENT LTD. 103/ W ANTERRA ENERGY INC. 100/ W LEXIN RESOURCES LTD. 100/ W LEXIN RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W * ENCANA CORPORATION 100/ W TAMARACK ACQUISITION CORP. 100/ W CANADIAN OIL & GAS INTERNATIONAL INC. 100/ W TAQA NORTH LTD. 100/ W SEQUOIA OPERATING CORP. 100/ W GLENCOE RESOURCES LTD. 100/ W HARD ROCK RESOURCES LTD. 100/ W IMPERIAL OIL RESOURCES LIMITED 102/ W SINOPEC DAYLIGHT ENERGY LTD. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W GLENCOE RESOURCES LTD. 102/ W GLENCOE RESOURCES LTD. 102/ W EMBER RESOURCES INC. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 102/ W GLENCOE RESOURCES LTD. 100/ W SINOPEC DAYLIGHT ENERGY LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W TERRA ENERGY CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W GLENCOE RESOURCES LTD.

4 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W SIGNALTA RESOURCES LIMITED 100/ W GLENCOE RESOURCES LTD. 100/ W SINOPEC DAYLIGHT ENERGY LTD. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 102/ W PARAMOUNT RESOURCES LTD. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 102/ W QUESTFIRE ENERGY CORP. 100/ W * SEQUOIA OPERATING CORP. 100/ W * SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W * SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 102/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W ADVANTAGE OIL & GAS LTD. 100/ W SEQUOIA OPERATING CORP. 100/ W * SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W GLENCOE RESOURCES LTD. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W ALEXANDER OILFIELD SERVICES LTD. 100/ W ALEXANDER OILFIELD SERVICES LTD. 100/ W ALEXANDER OILFIELD SERVICES LTD.

5 102/ W ALEXANDER OILFIELD SERVICES LTD. 100/ W ALEXANDER OILFIELD SERVICES LTD. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 102/ W GLENCOE RESOURCES LTD. 100/ W REPSOL OIL & GAS CANADA INC. 100/ W * SEQUOIA OPERATING CORP. 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W SEQUOIA OPERATING CORP. 100/ W ADVANTAGE OIL & GAS LTD. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W GLENCOE RESOURCES LTD. 100/ W ADVANTAGE OIL & GAS LTD. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W ALEXANDER OILFIELD SERVICES LTD. 100/ W * SEQUOIA OPERATING CORP. 102/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W * SEQUOIA OPERATING CORP. 100/ W * SEQUOIA OPERATING CORP. 100/ W GLENCOE RESOURCES LTD. 100/ W SEQUOIA OPERATING CORP. 100/ W GLENCOE RESOURCES LTD. 100/ W SEQUOIA OPERATING CORP. 100/ W GLENCOE RESOURCES LTD. 100/ W OBSIDIAN ENERGY LTD. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SINOPEC DAYLIGHT ENERGY LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W HORSESHOE BAY RESOURCES LIMITED 100/ W CANLIN ENERGY CORPORATION 102/ W VERMILION ENERGY INC.

6 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W SEKUR ENERGY MANAGEMENT CORP. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W EMBER RESOURCES INC. 100/ W EMBER RESOURCES INC. 100/ W EMBER RESOURCES INC. 102/ W EMBER RESOURCES INC. 100/ W EMBER RESOURCES INC. 100/ W EMBER RESOURCES INC. 100/ W EMBER RESOURCES INC. 100/ W EMBER RESOURCES INC. 100/ W EMBER RESOURCES INC. 102/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W SEQUOIA OPERATING CORP. 102/ W QUESTFIRE ENERGY CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W RUSTUM PETROLEUMS LIMITED 100/ W GLENCOE RESOURCES LTD. 100/ W GEAR ENERGY LTD. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 102/ W GLENCOE RESOURCES LTD. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W SEQUOIA OPERATING CORP. 100/ W QUESTFIRE ENERGY CORP. 100/ W QUESTFIRE ENERGY CORP.

7 100/ W QUESTFIRE ENERGY CORP. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W QUESTFIRE ENERGY CORP. 100/ W GLENCOE RESOURCES LTD. 100/ W SEQUOIA RESOURCES CORP. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W * BONAVISTA ENERGY CORPORATION 100/ W JOURNEY ENERGY INC. 100/ W * BONAVISTA ENERGY CORPORATION 100/ W VERMILION ENERGY INC. 100/ W GLENCOE RESOURCES LTD. 102/ W EMBER RESOURCES INC. 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W BELLATRIX EXPLORATION LTD. 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W * CANADIAN NATURAL RESOURCES LIMITED 102/ W GLENCOE RESOURCES LTD. 100/ W ADVANTAGE OIL & GAS LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W SEQUOIA OPERATING CORP. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 102/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W SEQUOIA RESOURCES CORP. 100/ W SEQUOIA RESOURCES CORP. 100/ W SEQUOIA RESOURCES CORP. 100/ W GLENCOE RESOURCES LTD. 100/ W QUESTFIRE ENERGY CORP. 100/ W QUESTFIRE ENERGY CORP. 100/ W QUESTFIRE ENERGY CORP.

8 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W EMBER RESOURCES INC. 100/ W RALLY CANADA RESOURCES LTD. 100/ W RALLY CANADA RESOURCES LTD. 102/ W RALLY CANADA RESOURCES LTD. 100/ W GEAR ENERGY LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W SEQUOIA OPERATING CORP. 100/ W GLENCOE RESOURCES LTD. 102/ W GLENCOE RESOURCES LTD. 103/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W * CANADIAN NATURAL RESOURCES LIMITED 100/ W ENERPLUS CORPORATION 100/ W SEQUOIA OPERATING CORP. 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W * CANADIAN NATURAL RESOURCES LIMITED 100/ W WEST ISLE ENERGY INC. 100/ W LYNX ENERGY ULC 100/ W CENOVUS ENERGY INC. 100/ W GLENCOE RESOURCES LTD. 100/ W CANADIAN NATURAL RESOURCES LIMITED 102/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W GLENCOE RESOURCES LTD. 100/ W PENGROWTH ENERGY CORPORATION 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W CENOVUS ENERGY INC. 100/ W THE LOCKE STOCK & BARREL COMPANY LTD. 100/ W THE LOCKE STOCK & BARREL COMPANY LTD. 100/ W THE LOCKE STOCK & BARREL COMPANY LTD. 100/ W WHITECAP RESOURCES INC. 100/ W NAL RESOURCES LIMITED 100/ W CENOVUS ENERGY INC. 100/ W CRESCENT POINT ENERGY CORP. 100/ W CENOVUS ENERGY INC.

9 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W GLENCOE RESOURCES LTD. 100/ W TAQA NORTH LTD. 102/ W TAQA NORTH LTD. 100/ W PENGROWTH ENERGY CORPORATION 100/ W CRESCENT POINT ENERGY CORP. 100/ W CRESCENT POINT ENERGY CORP. 100/ W CRESCENT POINT ENERGY CORP. 100/ W CRESCENT POINT ENERGY CORP. 100/ W CANADIAN NATURAL RESOURCES LIMITED 100/ W OBSIDIAN ENERGY LTD. 102/ W WEST LAKE ENERGY CORP. 100/ W GLENCOE RESOURCES LTD. 100/ W OBSIDIAN ENERGY LTD. 100/ W OBSIDIAN ENERGY LTD. 100/ W BIRCHCLIFF ENERGY LTD. * Denotes non-op wells in which Glencoe WI is being disclaimed effective March 1,2018. Wells remain active in February 2018 and Glencoe nominations were entered on TCPL system for that month.

10 Full Licence Substance From Location Schedule A - Pipelines To Location Status Oil Well Effluent W W4 Abandoned Oil Well Effluent W W4 Operating Oil Well Effluent W W4 Operating Oil Well Effluent W W4 Operating Natural Gas W W4 Operating Natural Gas W W4 Operating Natural Gas W W4 Abandoned Natural Gas W W4 Discontinued Natural Gas W W4 Discontinued Natural Gas W W4 Operating Oil Well Effluent W W4 Discontinued Oil Well Effluent W W4 Abandoned Oil Well Effluent W W4 Abandoned Oil Well Effluent W W4 Discontinued Fuel Gas W W4 Discontinued Salt Water W W4 Abandoned Salt Water W W4 Discontinued Oil Well Effluent W W4 Operating Natural Gas W W4 Discontinued Natural Gas W W4 Operating Natural Gas W W4 Operating Natural Gas W W4 Operating Oil Well Effluent W W4 Operating Natural Gas W W4 Discontinued Natural Gas W W4 Abandoned Natural Gas W W4 Abandoned Natural Gas W W4 Operating Natural Gas W W4 Operating Natural Gas W W4 Operating Natural Gas W W4 Operating Natural Gas W W4 Operating Natural Gas W W4 Operating Natural Gas W W4 Operating Natural Gas W W4 Operating Oil Well Effluent W W4 Discontinued Natural Gas W W4 Operating Natural Gas W W4 Operating Natural Gas W W4 Discontinued Natural Gas W W4 Discontinued Natural Gas W W4 Operating

11 Natural Gas W W4 Operating Natural Gas W W4 Discontinued Natural Gas W W4 Discontinued Natural Gas W W4 Operating Oil Well Effluent W W4 Operating Natural Gas W W4 Operating Natural Gas W W4 Discontinued Natural Gas W W4 Operating Natural Gas W W4 Operating Natural Gas W W4 Operating Natural Gas W W4 Operating Natural Gas W W4 Discontinued Natural Gas W W4 Discontinued Natural Gas W W4 Discontinued Natural Gas W W4 Discontinued Crude Oil W W4 Discontinued

12 Govt Code License Number Schedule A - Licenced Facilities Type Subtype Category Facility Name ABIF F28 Injection plant Disposal Operational Status Injection/Disposal Facility - Water < 0.01 mol/kmol H2S in inlet stream GLENCOE W4 Suspended ABBT F27 Battery Crude Oil Multiwell Proration Battery Oil Battery - Multiwell < 0.01 mol/kmol H2S in inlet stream GLENCOE W4 Suspended ABCS F30472 Compressor station Compressor Station Compressor Station < 0.01 mol/kmol H2S in inlet stream GLENCOE W4 Abandoned ABCS F9034 Compressor station Compressor Station Compressor Station < 0.01 mol/kmol H2S in inlet stream GLENCOE W4 Operating ABCS F30492 Compressor station Compressor Station Compressor Station < 0.01 mol/kmol H2S in inlet stream GLENCOE W4 Abandoned ABGP F9026 Gas processing plant Gas Plant Sweet Gas Processing Plant < 0.01 mol/kmol H2S in inlet stream GLENCOE W4 Operating ABGS F9026 Gas gathering system Gas Gathering System Gas Processing Plant < 0.01 mol/kmol H2S in inlet stream AB W4 Operating F36726 F36726 Battery Oil Battery - Multiwell < 0.01 mol/kmol H2S in inlet stream GLENCOE W4 Discontinued ABGS F11844 Gas gathering system Gas Gathering System Compressor Station < 0.01 mol/kmol H2S in inlet stream GLENCOE W4 Suspended ABCS F11844 Compressor station Compressor Station Compressor Station < 0.01 mol/kmol H2S in inlet stream GLENCOE W4 Suspended