LEGAL

> CESSFORD, ALBERTA ASSET DISPOSITION
OVERVIEW

PRODUCTION

Geology

Moya Little, President

Western Divestments
Suite 105, 214 - 11 Avenue SE,
Calgary, Alberta, Canada
T2G 0X8

Phone: (403) 543-4080

> Production

Well List

Convega Energy owns a 100% Working Interest in the Cessford Mannville T13T Pool. 

There are seven total wells, four producing, one reactivation potential, one water injection potential and one water source potential. 

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In-house evaluation using Sproule pricing

Steady production and GOR with a low water cut.

Wells are low rate, low decline wells and should produce over 50,000 barrels of oil and almost 0.25 BCF gas.

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All wells are flow-lined to a proration battery located at 8-34-24-13W4M, fully equipped. 

Solution gas gathered to the CNRL Cessford 2-8-24-12 W4M processing facility through a new tie-in at 7-26-24-13W4M. 

Convega has recently overhauled two casing gas compressors and two pump motors. 

Clean oil is sold to Trafigura through the IPL Hamilton Lake pipeline at the Throne Truck Terminal 

There are six un-booked drilling locations on 16 HA spacing. 

Reserves