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Blue Sky Enters Into Letter of Amendment for the Purchase of Oil and Gas Assets in BC and Alberta and Enters Into a Letter of Intent for Sale of Indonesian and Belize Assets
(TheNewswire) Calgary, Alberta – TheNewswire - June 18, 2025 – Fu...
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[{"type":"text","content":"Blue Sky Enters Into Letter of Amendment for the Purchase of Oil and Gas Assets in BC and Alberta and Enters Into a Letter of Intent for 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 –\n \n\n TheNewswire -\n \n\n June 18, 2025 –\n \n\n Further to the press release issued on May 13, 2025,\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 the below mentioned transactions with\nBlue Sky Resources Ltd. (“\n \n\n BSR\n \n\n ”), who is a non-arm’s length party to\nthe Company.\n \n\n\n\n British Columbia and Alberta\nAssets\n \n\n\n\n BGE has entered into a non-binding Letter of Amendment\n(the “\n \n\n LOA\n \n\n ”) dated June 17, 2025, for the following\ntransactions:\n \n\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\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\n\n\n\n\n\n i.\n \n\n increased the acquisition of\nthe Utikuma Assets  (“\n \n\n Utikuma\n \n\n ”) from 50% working interest (as\npreviously announced in the press release issued on May 13, 2025) to\n100% working interest;\n \n\n\n\n\n\n\n\n\n\n\n\n ii.\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\n\n\n\n\n\n\n\n iii.\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\n\n\n\n\n\n\n\n iv.\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 ”) made up of approximately\n...