Our Operations in Alberta

---

Bow Island is located 100 km West of Medicine Hat and the company has 100% WI in one producing from the Sawtooth.

Development plans are to complete the 6-10 well as a water disposal, construct treating, injection and storage facilities at 11-10 location. The Sawtooth oil is 23 API. The company has two square miles of 3-D seismic covering sections 10 and 3. 

The company owns 100% WI from the Sawtooth formation and a new oil pool discovery well was recently discovered with existing 3D seimsic, indicates possible future development locations. 

The wells are tied into 9-30 facility and water is disposed in the 2/9-30 well into the Bow Island formation.

Murray Lake is located 60 Km South West of Medicine Hat, the Company owns 100% Working Interest ("WI") consisting of producing Sunburst oil wells,  7-36 facility, water source wells, and injection wells. 

Currently producing from the Mannville "A" Pool, providing high-netback and low decline profile.  The company has commenced an Enhanced Oil Recovery ("EOR") program targeting quality conventional oil pools which are expected to provide attractive economics. An Estimated OOIP of ~8.9 Million Barrels ("MBbls") remains in place on primary recovery with less than 9% recovered to date. The company has identified future upside, through continued voidage replacement as per the EOR's should result in the Mannville "A" Pool recovering up to an additional ~10%, representing ~890,000 barrles of future oil to be produced over the life of the pool.

Field production is tied into the company's 7-36-9-8W4 main treating facility. The facility consists of a separator, free water knockout, 5,000 Bbls of storage, MCC building and an existing water injection facility. 

At Patricia & Dinosaur property, located northeast of Brooks, Alberta, the company holds a non-operated 49% Unit Participation and holds 25% working interest in 8 non-unit wells, both operated by Taqa North. 

Currently producing from the Milk River, Medicine Hat and Second White Specks zones the producing wells are tied into 3 faciilties over a 32 gross / 16 net section consolidated land position. The assets exhibit low decline (~8%) natural gas production profile with upside opportunities identified through downspacing well density to 6-8 wells per section (currently at 4 wells/section). In addition, the Company has also identified additional future Belly River Coals targets.

The company has a non-operated Unit Participation and a Revenue and Billing interest in the Swan Hills Unit #1 ("SHU) Pool. The SHU Asset consists of oil, natural gas, and liquids production and reserves in a mature Swan Hills low decline producing field. 

The current operator of the SHU Asset is Canadian Natural Resources Limited ("CNRL"). CNRL is currently undertaking a pump replacement program in the Swan Hills Unit #1 which is estimated to increase the pool's productivity.

The town of Vulcan is located between the cities of Calgary and Lethbridge on Hwy 23. The company owns 100% Working Interest ("WI") consisting of 5 producing oil wells and a multiwell oil facility.

Currently producing from the Mannville  Sunbrust "A" Pool, providing high-netback and low decline profile.  The company operates a 100% WI multiwell facility (05-21-015-25W4M) and has additional revenue streams from custom treating, water disposal and gas handling. The company is currently developing an Enhanced Oil Recovery ("EOR") program targeting quality conventional oil pools and expected to provide attractive economics. An Estimated OOIP of ~3.5 Million Barrels ("MBbls") remains in place on primary recovery with less than 9% recovered to date. Under the existing water flood, the voidage replacement in the Mannville "A" Pool is estimated to recover up to an additional ~20%, representing ~700,000 barrles of future oil to be produced over the life of the pool.