Blue Sky Enters into an Agreement for Purchase and Sale for the Purchase of Oil and Gas Assets in BC and Alberta and Sale Of Indonesian and Belize Assets

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[{"type":"text","content":"Blue Sky Enters into an Agreement for Purchase and Sale for the Purchase of Oil and Gas Assets in BC and Alberta and Sale Of Indonesian and Belize Assets\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n Calgary, Alberta, July 2, 2025 –\n \n\n TheNewswire -\n \n\n Further to the press releases issued on June 18 and May 13,\n2025,\n \n\n Blue Sky Global Energy Corp.\n \n\n (“\n \n\n BGE\n \n\n ”\n \n\n or\n \n\n the\n \n\n “\n \n\n Company\n \n\n ”)\n \n\n (\n \n\n TSXV:\n \n\n BGE\n \n\n ) is pleased to\n \n\n announce it has signed an Agreement for Purchase\nand Sale for the acquisition of oil and gas assets in BC and Alberta\nwith Blue Sky Resources Ltd. (“\n \n\n BSR\n \n\n ”), who is a non-arm’s length party to\nthe Company and an Agreement for Purchase and Sale for the sale of its\nBelize and Indonesian Assets to Kinara Resources Ltd. (“\n \n\n KRL\n \n\n ”), who is an\narm’s length party to the Company.\n \n\n\n\n British Columbia and Alberta\nAssets\n \n\n\n\n BGE has entered into an Agreement for Purchase and Sale\n(the “\n \n\n PSA\n \n\n ”), dated June 26, 2025, for the following\ntransactions:\n \n\n\n\n a)\n \n\n the acquisition of the\nremaining 50% working interest in certain oil and gas assets located\nin Northeastern British Columbia (“\n \n\n BC Assets\n \n\n ”), same\nas previously disclosed in the press release issued on May 13,\n2025;\n \n\n\n\n b)\n \n\n the acquisition of the\nfollowing oil and gas properties in the Province of Alberta\n(collectively referred to at the “\n \n\n AB Assets\n \n\n ”):\n \n\n\n\n i.\n \n\n the acquisition of 100%\nworking interest in the Taber Properties (“\n \n\n Taber\n \n\n ”) located\nnear the town of Taber – 51 active wells producing approximately 140\nbopd of light oil;\n \n\n\n\n ii.\n \n\n 100% working interest in the\nColumbia Properties (“\n \n\n Columbia\n \n\n ”) which are located east of\nEdmonton – 43 active wells producing approximately 3 mmcfd plus 80\nbopd of liquids; and\n \n\n\n\n iii.\n \n\n the acquisition of the\nremaining 50% working interest in certain heavy oil and gas assets\nlocated in the Cold Lake area (“\n \n\n Heavy Oil Assets\n \n\n ”)\nmade up of approximately 384 hectares...

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