Description

Private Junior Oil and Gas Company focused on the Development of low risk, high value added conventional light oil plays with Operations in Western Canada with Ultimate Production Potential of +5,000 bbls/day seeking a $10M raise (debt + equity) to bring Production on-stream from its Development Properties.

NI 51-101 compliant Reserves Report values a sample of Company Properties at $62M which includes one (1) Section of largest play valued at $38M (2P @ 10% NPV), although Company owns 100% WI in an additional nine (9) Sections, valuing Company at +$350M, with +$100M of drilling opportunities (e.g. +40 wells).

Company also owns (10) Sections of Duvernay Rights, and has $15M of hard assets (e.g. 3D seismic, properties, mineral rights, facilities and well bores) in addition to $15M of registered tax pools.

Posted Apr 3, 2014

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