An unknown buyer entered into an agreement to acquire Certain of Viking Assets Located at Forgan and Plato in Southwest Saskatchewan from Baytex Energy Corp. (TSX:BTE) for approximately CAD 150 million on November 27, 2023. The disposition is expected to close prior to year-end with net proceeds from the sale to be applied against outstanding bank indebtedness.

Scotiabank acted as financial advisor to Baytex.