- When natural gas prices collapsed in 2009 the Company had established a significant land position in Alberta with over 50 drilling locations and had grown production to over 200 boe/day.
- To preserve existing reserves while natural gas prices remain low, most Canadian assets have been shut‐in. Additional natural gas drilling programs within Canada also remain on hold until prices rebound.
- Current state of Alberta gas wells drilled prior to 2009
- 13 producing wells
- 10 shut-in wells
- 15-20 drilling location for future development