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Saturday, September 04, 2010
Overview
Strategy
Management
Directors
Exploration Model
Overview at a Glance
• 28,000 gross acres in Adsett (NEBC) &
10,000 gross acres in Rambling (NWAB)
• Over 300 km of 2-D seismic
• Identified future land acquisitions totaling
250, 000 acres
• 5 wells in 2009
• Tax pools: $4.2mm
• Capex to date: $9.5mm
- $1.8mm in land purchases
- $7.4mm in seismic and survey exploration
- $0.3mm G&A
• 2009 exit production target: 927 boepd
(risked)
• 2009 exit reserves target: 1,200 mboe (risked)
• 2009 exit target F&D: $11.69/boe
• 2009 Capex: $12mm (participate in 5
exploration wells)
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