Woodrush, Peace River Arch

  • 13,093 net acres
  • New Paradigm multiple stacked 3D based exploration and development
  • $12mm invested in production facilities and related network of pipelines
  • 99% owned and operated
    3 oil and associated gas producing wells and 9 natural gas producing wells
  • Multiple newly mapped exploration targets - targeting 5-15 million barrels of additional recoverable reserves
  • Current (post 10 year production history on initial discovery pool of 600,000 barrels of oil)
    NPV - $2.0mm PV10% at 31/12/2017
  • Q1 2019 objective is to drill a successful test well and tie into production facilities prior to winter break up