Mitsue, Alberta – Marten Lakes


Property Description

  • Located in Townships 76-77, Ranges 5-6 W5M, approximately 200 kilometers Northwest of Edmonton, Alberta
  • 80,000 acres (gross), 124.4 sections (gross)
  • 58,800 acres (net), 91.5 sections (net)

Geology

  • Primary producing horizon is the Gilwood Formation from two zones

Product Quality

  • Sweet 40o API Oil

Ownership Interest and Operatorship

  • 73.5% Working Interest Operated by Exall Energy Corporation

Production

  • 0 producing wells
  • Currently producing approximately 0 bopd

Capital Expenditures

  • Currently there are 2 drills planned for the fall of 2011 and 2 wells planned for the winter of 2012

Net to Exall

  • Currently approximately 0 boe/d

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