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

> Stages

SBJ - FAYETTE COUNTY - CAPEX AND METRICS

STAGES ONE AND TWO

STAGE ONE – 3 WELL RE- ENTRY/ SIDETRACK PROGRAM
CAPEX/WELL              $1.1 MM
IP                                 200 BOPD/LEG / WELL = 1200BOPD (5% WC)
5YR EUR/WELL           135 MBO

PAYOUT                      <1 YEAR
NPV10/WELL               $3.5 MM
IRR                               >70 %

STAGE TWO – 10 WELL DEVELOPMENT PROGRAM
AUSTIN CHALK (10-20 LATERALS)
TBD