Property Overview
New Oil Focus Reflected in Production Profile:
- 1,700 boe/d; 62% light oil with an additional 360 boe/d behind-pipe and 240 boe/d in NEBC gas shut-in pending higher gas prices.
- 5.4 MMboe of reserves; 68% proven; 63% gas.
- $76.4 MM of reserve value at Dec. 31/09 (P+P, PV10%).
- Over 130,000 net undeveloped acres valued at $25.9 MM plus 140,000 acres under option.
