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DUE
DILIGENCE
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Veracity Energy Services Ltd. has conducted more than 100 Corporate, Technical, Field and Environmental Due Diligence reviews on behalf of our clients, prospective purchasers, financial institutions and receivers. These evaluations are paramount in determining overall efficiencies within the corporation or asset base. Our team consists of industry experts including senior operations people who are well versed in property evaluation and optimization.
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CORPORATE
Due Diligence Review
Includes:
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G&A comparison to peers
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Software program /IT costs
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ARO
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LLR
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Ownership concerns/JV
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Operating costs
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Ongoing site reclamations
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Employee knowledge and experience
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Management compensation
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Office costs
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Loan structure review
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TECHNICAL
Due Diligence Review Includes:
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Current reserves and life
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Confirmation of assumptions used in bid price
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Drilling/completions opportunities
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Project economics and viability
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Technical personnel knowledge
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FIELD
Due Diligence Review Includes:
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Operational efficiency review
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Safety & regulatory issues
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Maintenance capital deficiencies
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Optimization opportunities
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Vendor/landowner relationships
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Key cost drivers
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Field operator knowledge
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Manpower requirements
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ENVIRONMENTAL
Due Diligence Reviews Include:
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Project management
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Surface reclamation
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Phase 1 & Phase 2 ESA's
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Reporting
