LEGAL

> JV DRILLING OPPORTUNITY - FAYETTE COUNTY

SUMMARY
INTRODUCTION
GEOLOGY
LEASE
CROSS SECTION
STAGES
CONCLUSION

 

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

Phone: (403) 543-4080

> Conclusion

Stage One of the Fayette project involves the re-entry and whipstock of three existing Austin Chalk well bores. The current proposal involves re-drilling laterals in the Upper Austin Chalk. Contingent on the results of Stage One additional development drilling of 10 to 20 well Austin Chalk horizontal development wells will be proposed. The Stage Two development program will also be used to evaluate the oil potential of the underlying Buda lime. Stage Two development drilling will also be utilized to evaluate additional potential in the Taylor Group Sands and the Buda and Georgetown Carbonates.

A complete set of technical and economic data is available for this prospect and can be ordered by completing the Confidentiality Agreement and emailing it to Moya Little, or mail to Western Divestments Inc., 105, 214 – 11 Avenue SE, Calgary, Alberta, Canada T2G 0X8. Attention Moya Little.