Topaz’s asset portfolio includes fee mineral title leasing opportunities along with complementary seismic data
Topaz owns fee mineral title acreage focused in Central Alberta, Southeast Saskatchewan and Manitoba. As an owner of fee mineral title acres, Topaz owns the underlying sub-surface mineral rights in perpetuity, and provides development opportunities to third party operators.
Topaz Royalty Acreage
Topaz owns approximately six million gross royalty acres across the Western Canadian Sedimentary Basin, over five million of which are gross overriding royalty interests and approximately 400,000 of which are fee mineral title acres, focused in Central Alberta, Southeast Saskatchewan and Manitoba. As an owner of fee mineral title acres, Topaz owns the underlying sub-surface mineral rights in perpetuity, and can grant mineral leases to third party operators in exchange for bonus consideration and a lessor royalty.
As Topaz does not directly conduct petroleum or natural gas exploration, development or production operations, Topaz’s strategy is to actively lease its fee mineral title acreage and therefore welcomes interest from operators seeking land development opportunities.
Fee Mineral Title Acreage
Opportunity Overview – Southeast Saskatchewan
Topaz owns fee mineral title lands available for lease in Southeast Saskatchewan in areas that are prospective for light to medium oil in the Mississippian Madison and Three Forks Groups. The area is well delineated with several in-fill and step out horizontal drilling opportunities available. Infrastructure in the area is well developed and well costs are typically $1-$2MM with initial oil rates of 60-150 bbl/d:
- Quick payouts (<1 year)
- IRR > 100%
Geology Overview – Target Formations
- Midale: The Midale Formation is a prolific conventional reservoir that hosts large quantities of light sweet oil. The high quality Midale Formation has been a prime target for horizontal well development and is a proven candidate for enhanced recovery through waterflood and CCUS.
- Frobisher: The Frobisher Formation is a prolific conventional reservoir that hosts large quantities of light sweet oil. The Frobisher is a multi-zone development target with discrete porous layers that can be developed independently. The Frobisher is being successfully exploited using single leg horizontal wells and multi-leg horizontal wells.
- Bakken/Torquay: The Bakken and Torquay Formations host a significant light oil resource that is being exploited utilizing horizontal drilling and multi-stage fracturing. Bakken and Torquay are both prospective in areas where Bakken shales are thermally mature. In regions where Bakken shales have not reached thermal maturity, the Bakken siltstone remains highly prospective in areas where migrating hydrocarbons have been trapped either structurally or stratigraphically.
- Tilston/Alida/Kisbey/Ratcliffe: Light oil becomes stratigraphically trapped at erosional or depositional edges.
Advisory & Disclaimer