Detector Exploration QUARTER 3, 2014 – HIGHLIGHTS QUARTER 3, 2014 – HIGHLIGHTS
Completed Pembina acquisition
Significant improvements in production
PRESIDENTS MESSAGE
Detector Exploration Ltd. closed the West Pembina shallow gas property acquisition on July 25, 2014 and as stated in quarter
2 notes, we have been familiarizing ourselves with the properties, looking for optimization and evaluating for potential growth.
All Detector’s production is dry gas (96% methane) and our production has increased from 80 boe/d to approximately 294
boe/d. A very significant increase which currently is generating enough cash flow to handle all costs; G & A, operating costs
and interest payments on our $2.1 million debt. We however, still require a few months cash flow in order to formulate a plan
for debt repayment.
From preliminary analysis, the West Pembina acquisition has several tie-in locations that will enable Detector Exploration Ltd.
to increase production significantly with relatively low expenditures which we will attempt to finance from cash flow. The newly
acquired lands also have a significant number of new drilling locations that we can add to our existing inventory of development
drilling.