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Applying Knowledge to Natural Gas Prospects
Alberta is one of the most significant regions for natural gas in North America. According to recent estimates, this region may hold an in-place resource of up to 650 trillion cubic feet, of which as much as 100 tcf may be economically recoverable.
By applying proven technologies, we believe we can develop high-impact natural gas projects that build value for our shareholders. Our objective is to generate long-term reserve and production growth.
Natural gas is the way of the future for North American energy. Although much of North America's known conventional gas fields have been tapped, the unconventional gas resources of North America are enormous, and have barely begun to be exploited.
We have acquired a 100% interest in the petroleum and natural gas rights to numerous leases in southern Alberta, covering a total of approximately 25,000 acres, and a 100% interest in the petroleum and natural gas rights to more than 8,800 acres in the Bow Island field, the site of the first commercial gas production in Alberta from "Old Glory" in 1908.
Bow Island Project, Medicine Hat Project & Taber Project, Southern Alberta
The Bow Island Project covers a total of 8,852 acres in the historic Bow Island gas field, a significant historic producer.
The Medicine Hat project covers a total of 7,600 acres in the Medicine Hat area of southern Alberta, the most prolific natural gas field of Canada.
The Taber project covers a total of approximately 2,500 acres in the Taber/Grand Forks area of southern Alberta, an area of significant historical production.
This information may contain forward-looking statements about our exploration, production, and other operating and financial plans. These statements are not guarantees of future performance, involve certain risks, uncertainties, and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. Among the factors that could cause actual outcomes and results to differ materially are changes in petroleum prices; changes in refining and marketing margins; potential failure to achieve, and potential delays in achieving, expected reserve or production levels from existing and future oil and gas development projects due to operating hazards, drilling risks, and the inherent uncertainties in interpreting engineering data relating to underground accumulations of oil and gas; unsuccessful exploratory drilling activities; unexpected delays or difficulties in constructing company facilities; general domestic and international economic and political conditions; the ability to meet government regulations; potential disruption or interruption of the Company’s facilities due to accidents or political events and other matters detailed in our publicly available filings with the Securities and Exchange Commission.
Cautionary Note: As an oil and gas company, in our filings with the SEC we only disclose proved reserves that have been demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. However, in the information presented here, we may use certain terms such as “probable reserves”, “potential net recoverable reserves”, “barrels of oil”, "in-place", "resource", and “recoverable reserves” that we do not include in our filings with the SEC. |
PREXF : OTCQB
