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.
Current producing from the Mannville "A" Pool, providing high-netback and low decline profile. The company has commenced an Enhanced Oill Recovery ("EOR") program targeting quality conventional oil pools with are expected to provide attractive economics. An Estimated OOIP of ~8.9 Million Barrels ("MBbls") remains in place on primary recovery with less than 8% recovered todate. Continued voidage replacement as per the EORS should result in the Mannville "A" Pool recovering up to an additional 10%, representing 446-890 Mbls.
Field production is tied into the company's 7-36-9-8W4 main treating facility. The facility consists of spearator, free water knockout, 5,000 Bbls of storate, MCC building and an existing water injection facility.
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 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 Avalon’s 9-30 facility and water is disposed in the 2/9-30 well into the Bow Island formation.
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.