Decimus Oil Announces Execution Of Definitive Agreement To Acquire Bantry Assets

About this update from Decimus Oil Corp.

[{"type":"text","content":" Decimus Oil Announces Execution Of Definitive Agreement To Acquire Bantry Assets \n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Calgary, Alberta (October 28, 2025)\n–\n \n\n TheNewswire -\n \n\n Decimus Oil Corp. (“WCSB”\n \n\n or the\n \n\n “Company”)\n(TSXV:WCSB)\n \n\n is pleased to announce the signing\nof a definitive agreement to acquire certain strategic oil & gas\nassets in Southern Alberta (the “\n \n\n Bantry Acquisition\n \n\n ”) from an appointed Trustee as press released June 18,\n2025. The definitive agreement is subject to customary closing\nconditions, including final approval by the Alberta Energy\nRegulator.\n \n\n\n\n SUMMARY ACQUISITION HIGHLIGHTS\n \n\n\n\n The Bantry Acquisition further expand the Company’s\nexisting operations in Southern Alberta and upon closing the\nacquisition, the Company will move to reactivate the two acquired\nproperties. Prior to being shut-in in September 2024, the acquired\nproperties produced approximately 122 boe/d of low decline (~6%)\nproduction base, including developed and undeveloped lands and\ninfrastructure.\n \n\n\n\n\n\n 41% Increase in Production\n \n\n (1)\n \n\n : the Bantry\nAcquisition should increase corporate production from 176 boe/d\n(Q2/25) to approximately 295-305 boe/d upon reactivation of acquired\nBantry assets producing 122 boe/d;\n \n\n\n\n\n\n Low decline, long-life reserves: historically\nproduction profile of less than a 6% decline rate, with minimal\nmaintenance capital paired with long life reserves\ncharacteristics;\n \n\n\n\n\n\n Ownership of key producing infrastructure: the assets\ninclude batteries, pipelines and facilities;\n \n\n\n\n\n\n Highly accretive acquisition metrics\n \n\n (2)\n \n\n : purchase\ncompleted at less than 0.92x annualized cash flow at AECO $3.00/mcf;\n \n\n\n\n\n\n Resource upside in Southern Alberta: The acquired\nassets include a multi-stacked horizon, development and undeveloped\nlands, and over 50 identified re-entries and workovers targets in the\nBelly River/Medicine Hat formation.\n \n\n\n\n\n\n\n\n The revised Bantry Acquisition assets are based on\nhistoric field production of 735 mcf/d (net) or 122 boe/d net prior to\nbeing shut-in 2024-09-01 due to low gas prices. The Company is\nestimating field production will return to sim...

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