Alberta Offer to Sell Interest in Crown Leases

Prepare an Offer to Sell an Interest in Crown Leases with this template form for the Province of Alberta.

Key points of the offer include (among others):

• amount and allocation of purchase price between petroleum and natural gas rights, tangibles, and miscellaneous interests,
• optional interest clauses included,
• if accepted, the offeror will prepare a formal purchase and sale agreement,
• the offer is subject to the purchaser performing a satisfactory due diligence review of all books, files, records, and contracts,
• the transaction is subject to the purchaser receiving all necessary regulatory approvals,
• the offer is conditional upon the purchaser conducting a satisfactory environmental audit,
• the purchaser will assume all environmental liabilities,
• the transaction is subject to the vendor being satisfied that Alberta Energy will approve the transfer.

This Alberta Offer to Sell Interest in Crown Leases is available as a fully customizable MS Word template.