In an effort to pursue options to optimize its business,Tulsa-based Sapient Energy Corp. reported it has retained Randall& Dewey, Inc. to provide transaction advisory services, whichinclude the hosting of the independent oil and gas company’s dataroom opening.

Sapient sad the opening will include development and explorationpotential of its asset base, along with detailed confidentialinformation pertaining to the company. It expects to have the dataroom open in late February, with interested parties submittingtheir proposals by the end of March.

“Over the past three years, we have built a solid asset basethrough the acquisition of producing oil and gas properties in theMid-Continent, Permian Basin, and Northern Louisiana regions,” saidRobert R. Anderson, CEO of Sapient Energy. “Our focus on operated,high margin natural gas properties with significant developmentpotential has afforded us the current opportunity to evaluateseveral strategic alternatives to create additional value for ourshareholders.”

Sapient Energy currently net produces 20 MMcf/d of natural gas and1,500 b/d of crude. Approximately 90% of the company’s 500 wells areoperated with almost 75% of its 150 Bcfe of reserves being naturalgas. For more information on the Sapient Energy sale check withRandall & Dewey at www.randew.com.

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