PROPHET RIVER PROJECT HIGHLIGHTS

  • Located in a prolific natural gas producing region.
  • Contiguous land package.
  • 3D seismic completed over most of the leases.
  • D-60-E test well encounters several prospective formations.

The Prophet River project is located in the peace river region, Western Canadian Sedimentary Basin, northeastern British Columbia, Canada, approximately 15 kilometers to the northwest of the Company’s Trutch project. The Western Canadian Sedimentary Basin is home to numerous world-class natural gas discoveries and consists of extensive oil and gas infrastructure. The Company has a 33 1/3% working interest in approximately 19 sections (19 square miles). The Company’s d-60-E/94-G-15 exploratory well encountered several prospective horizons which require further testing to determine if the gas in place is economically recoverable.

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