Friday, June 18th, 2021 – 10:00am CST
Auction To Be Held At:
Dakil Auctioneers, Inc.
200 NW 114th St.
Oklahoma City, OK
PRINCIPAL OR AUTHORIZED REPRESENTATIVE WITH AUTHORITY TO BID MUST BE PRESENT AT THE AUCTION SITE
Debtor in Possession’s sale of non-operating working interests, each 2.50% or less, located in approximately 1,660 wells and oil and gas leases, primarily in Oklahoma, Texas, Louisiana and Wyoming (the “Interests”) free and clear of all liens claims and encumbrances in accordance with Section 363 of the United States Bankruptcy Code.
Information related to the Interests can be accessed via a virtual data room. To obtain access to a data room, a potential bidder must execute a non-disclosure agreement and provide financial proof that the potential bidder can fund its purchase of the Interests. Inquiries may be made to Clay Christensen, counsel for the Debtor, at dorchester@christensenlawgroup.com or (405) 232-2020.
The Auction will be conducted in accordance with the Court’s Order (A) Establishing Bidding Procedures, (B) Manner and Form of Notice for Sale of a Significant Portion of Debtor’s Assets, (C) Scheduling Dates for an Auction, and (D) Authorizing and Approving the Form of a Stalking Horse Asset Purchase Agreement [Dkt. No. 174] (the “Bidding Procedures Order”). The Bidding Procedures Order approved the form of the Stalking Horse Asset Purchase Agreement (the “APA). A copy of the Court approved (i) Bidding Procedures Order, (ii) Bidding Procedures, (iii) Notice of Auction and Sale Hearing, and (iv) APA can be viewed and downloaded free of charge at https://omniagentsolutions.com/DorchesterResources.
To be considered, Initial bids must be received on or before 4:00 p.m. CST, Tuesday, June 15, 2021 and MUST comply in all respects with the Bid Procedures. All sales are subject to court or seller approvals. A telephonic (or video conference) hearing to confirm the results of the auction sale has been set for June 29, 2021 at 1:00 p.m. CST. You can request further information about the auction process and the confirmation hearing from Clay Christensen, counsel for the Debtor, at dorchester@christensenlawgroup.com.
