Mitsue, Alberta – Overlea / Black Spruce


Property Description

  • Located in Townships 71-75, Ranges 3-4 W5M, approximately 200 kilometers Northwest of Edmonton, Alberta
  • 47,360 acres (gross), 73.7 sections (gross)
  • 33,617 acres (net), 52.3 sections (net)

Geology

  • Primary producing horizon is the Gilwood Formation from two zones

Product Quality

  • Sweet 36-41o API Oil

Ownership Interest and Operatorship

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

Production

  • 2 producing wells
  • Currently producing approximately 27 bopd

Capital Expenditures

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

Net to Exall

  • Currently approximately 13 boe/d

Facilities

  • The wells currently produce to single well batteries
  • Operated water injection wells and facilities provide pressure maintenance

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