EXALL » Domestic Oil & Gas » Mitsue, Alberta ? Marten Mountain

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» Domestic Oil & Gas » Mitsue, Alberta – Marten Mountain

Mitsue, Alberta - Marten Mountain

Property Description

Located in Townships 74-75, Ranges 5-6 W5M, approximately 200 kilometers Northwest of Edmonton, Alberta
9,160 acres (gross), 14.3 sections (gross)
6,024 acres (net), 9.4 sections (net)

Geology

Primary producing horizon is the Gilwood Formation from two zones

Product Quality

Sweet 40^oAPI Oil

Ownership Interest and Operatorship

59.34 to 73.89% Working Interest Operated by Exall Energy Corporation

Production

3 producing wells
Currently producing approximately 1,190 bopd

Capital Expenditures

Currently there are 4 drills planned for the summer of 2010 and 2 wells planned for the fall of 2010

Net to Exall

Currently approximately 790 boe/d

Facilities

The wells currently produce to a multi-well battery
Operated water injection wells and facilities provide pressure maintenance