Producing Operations

Producing Operations Summary - Drake/Woodrush

This project is located North of Fort St. John, British Columbia. Included in this project is the following:

5 producing Natural Gas Wells
2 producing Oil Wells    
1 Production Plant all Computerized and can handle 1000 BBLs of Oil per day

The Woodrush properties have 2 Natural Gas pools and one Major Oil pool and all 3D seismic has been completed Winter 2009/2010. The Drake project covers 4 sections of land.

Producing Operations Summary - West Central Alberta A & B

These two wells are capped re-completion wells in an area with proven production. The wells were projected to produce approximately 570,000 cubic feet of natural gas per day or approximately 100 barrels of oil equivalent per day. Because these wells are already drilled, they are supported by well logs, seismic, and subsurface mapping. There are multiple producing formations under this area including Viking, Glauconite, Detrital, and Pekisko. Well A was hooked up and tied into the pipeline in March of 2009 and exceeded expectations. Well B was uncapped and swabbed in July, the tests came back two times as high as originally projected. Well B will be producing once gas prices return to profitable levels.

Producing Operations Summary - West Central Alberta C & D

This project is a 2 well program in West Central Alberta, near Edmonton. One is a capped re-completion well in an area with proven production records and the other was a new drill target in a proven development field. The new drill target was successfully drilled in July of 2009 and encountered 3 gas zones and 1 oil zone in the Banff formation. This well has been classified as an oil discovery well.

Producing Operations Summary - Quinlan #2

This well is located in Pottawatomie County, Oklahoma. There is a major re-work scheduled to be done on the Quinlan #2 in December of 2009. The depth of this well is 4800 feet and we expect to produce from the Simpson Dolomite formation. The Simpson Dolomite zone is a very prolific pay zone in the State of Oklahoma. Historical records show that the Quinlan #2 well produced in excess of 100 barrels of oil per day.