Reserves:
Proved + Probable remaining recoverable oil and gas (excludes NGL’s) reserves as per Paddock Lindstrom & Associates Ltd. evaluation of CEC’s Canadian oil and gas properties (effective June 30, 2007)

 

ALBERTA

KAKWA NON-UNIT, Alta.
Operator: Paramount Resouces Ltd
CEC interest: 6.25% to 12.5% working interest plus 2.5% to 5% Gross Overriding Royalty interest
Number of producing Wells: 6
Gross Acreage: 4,640 acres (inlcudes Unit)
Reserves (Mboe): 44.6

 

WILLESDEN GREEN, Alta.
Operator: NAL Resources
CEC Interest: 19.12% to 27.47% working interest
Number of Producing Wells: 11
Gross Acreage: 5,120 acres - 1,280 acres undeveloped
Reserves (Mboe): 72.5

 

GRAND FORKS, Alta.
Operator: Circumpacific Energy Corp.
CEC Interest: 100%
Number of Producing Wells: 5
Gross Acreage: 120 acres
Reserves (Mboe): 96.3

KAKWA CARDIUM A UNIT, Alta.
Operator: Husky oil Operations Limited
CEC Interest: 0.13289% working interest plus 0.05316% Gross Overriding Royalty Interest
Number of Producing Wells: 30
Gross CEC Acreage: (inlcuded in Kakwa Non-Unit
Reserves (Mboe): 36.0

 

 

SASKATCHEWAN

 

COLGATE, Sask.
Name of Operator: Enermark Inc.
CEC Interest: 7.43% to 12.08% working interest
Number of Producing Wells: 13
Gross Acreage: 1,322.7 acres - 509 acres undeveloped
Reserves (Mboe): 1203.5