Current Estimated Production/Land • 17,700 boe per day • 55% gas, 45% oil and liquids • 737,608 net developed and 580,244 net undeveloped acres
The Alberta land base is geographically diverse with major core areas in Irricana, Millard Lake, Provost, Garrington/Westward Ho, Sylvan Lake/Medicine River, Drumheller, Brent/Hanna and Pine Creek. We are excited about the emerging Cardium resource play that is being developed in this province. The Spearpoint Energy acquisition added 896,000 gross acres of land through a wide area farm in, enhancing the Trusts’ Cardium position and adding significant gas opportunities to the portfolio.
2010 Plans The Trust plans to maintain its leadership position in the Cardium oil resource play in central Alberta, and invest in selected liquids rich gas opportunities within the Trust’s portfolio. Cardium oil projects will continue to be a focus for the Garrington/Westward Ho core area, as will delineating trend acreage to the south at Lochend (Cochrane) and to the north at Pine Creek. For natural gas, the Trust plans to participate in several non-operated, high deliverability and liquids rich Falher gas wells in the Kakwa area. |  |