Mitsue, Alberta - Overlea / Black Spruce

Property Description 

• Located in Townships 71-73, Ranges 3-4  W5M, approximately 200 kilometers Northwest of Edmonton, Alberta

• 8,160 acres (gross), 12.7 sections (gross)

• 4,862 acres (net), 7.6 sections (net)

Geology 

• Primary producing horizon is the Gilwood Formation from two zones

Product Quality 

• Sweet 36-41^o  API Oil

Ownership Interest and Operatorship 

• 41.16 to 100% Working Interest Operated by Exall Energy Corporation

Production 

• 2 producing wells

• Currently producing approximately 50 bopd 

Capital Expenditures 

• Currently there are no capital expenditures identified for the drilling of any new wells