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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