PROPOSALS DUE: Will be available in the confidential information.
Ikkuma Resources Corp. (“Ikkuma” or the “Company”) has initiated a process to divest of certain non-core midstream and natural gas assets in Alberta and Northeast British Columbia (the “Offering”) and has retained GMP Securities L.P. (“GMP FirstEnergy”) as its exclusive financial advisor. The Offering includes three packages: a strategic Foothills Midstream Package, a low decline producing Foothills Upstream Package and a NEBC Package.
Ikkuma has initiated a process to divest of certain non-core assets which includes three packages as defined in this letter. The defined midstream assets encompassed within the Foothills Midstream Package include the main trunk pipelines to connected facilities in which Ikkuma has ownership. The Foothills Upstream Package contains all wells, pipelines and facilities that connect to the defined midstream assets. All operating costs associated with both the Upstream and Midstream Packages are included within the Upstream Package for purposes of evaluation. The Company will consider offers on all or portions of the assets.
A Confidentiality Agreement (“CA”) will be made available on GMP FirstEnergy’s website or can be obtained by contacting GMP FirstEnergy directly. Parties who execute a CA will have access to the confidential information available in an online data room which will open the week of June 18, 2018. A bid deadline will be provided in July 2018 within the confidential information. Please direct all correspondence and inquiries to GMP FirstEnergy: