Axiom Oil and Gas Inc.: Axiom Announces Manola Divestiture and Additional Tidewater Midstream and Infrastructure Ltd. Lawsuit
Axiom Oil and Gas is selling its Manola property and pursuing a $1.136 million claim against Tidewater Midstream for unauthorized gas sales.Summary
Axiom Oil and Gas Inc. has initiated a sales process for its Manola oil and gas property, managed by Sayer Energy Advisors, with bids due on April 2, 2026. Simultaneously, Axiom has filed a new claim against Tidewater Midstream and Infrastructure Ltd. for $1,136,441 plus damages, alleging that Tidewater seized and sold Axiom’s Manola gas volumes for its own profit since October 2024 without reimbursement. This claim is separate from Axiom’s existing $110 million claim related to the Brazeau River project, where Tidewater allegedly stranded significant natural gas and natural gas liquids reserves. Axiom has informed the Alberta Energy Regulator about both the Manola and Brazeau issues and is actively engaging with the regulator. Due to the lack of revenue from gas sales, Axiom has temporarily shut in its Manola gas wells and plant while continuing oil production. The company describes itself as a growth-focused Canadian energy company dedicated to responsible development in the Western Canadian Sedimentary Basin.
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