> Property Review


Petro One currently holds a 100% interest in NE/4-5-4-21W2M in SE Saskatchewan. The lands are directly offset by recent horizontal development activity conducted by Crescent Point Resources and Canamex. Crescent Point has recently completed horizontal oil wells in the Midale Bakken and the Ordovician Yeoman/Red River Formations. Canamex has completed dual leg horizontals in the Middle Bakken. EURs for the Ordovician are in the order of 200 MBO per leg while the Middle Bakken completions are projected in the range of 125 to 185 MBO per leg. Additional mapping utilizing these recent completions may generate development locations on the Petro One acreage.