HAVEADREAM--Re reservesNOW WHAT DID WE AS SHAREHOLDERS AQUIRE?
A footprint in the Peace River Arch
Fairquestenergy has assets there:
https://www.fairquestenergy.com/peaceriver.htm
FAIRBORNE ENERGY TRUST took out FairQuest in June 06
Peace River Arch (PRA)
The Peace River arch area is located in northwestern Alberta near the city of Grande Prairie and is comprised of the company’s core operations in the Rycroft, Spirit River, and Woking field areas. In this asset area, Fairquest is drilling wells of medium depth (~2000m on average) targeting gas from as many as 10 different sweet gas and oil reservoirs.
Fairquest’s ongoing operations in the PRA continue to benefit from the expertise that was developed by Fairborne Energy Ltd. during the nearly two years preceding the creation of Fairquest. With continued success in the Peace River Arch 2007 drilling program, numerous follow-up locations could be drilled on company acreage.
All natural gas in this area is produced through a central processing facility where Fairquest has an ownership and thus
Dejour Enterprises Ltd has interests there as well
https://www.dejour.com/
Peace River Arch Project
Dejour Energy (Alberta) Ltd., a wholly owned subsidiary of Dejour Enterprises Ltd., has drilled or participated in 5 new wells and one re-entry in the Peace Rich Arc area in northwest Alberta and northeast British Columbia. Three wells are being completed for production at an estimated 2.4 mmcf/day (400 BOE) net to Dejour. Substantial development of these discoveries will follow.
The Drake project, a well that Dejour has 100% working interest before payout, and 60% after payout, has been completed. It has successfully tested flow rates of 930 mcf per day. The nearby second well is waiting on ground conditions for completion, also had a favorable outcome and is expected to test at comparable rates as the first well. These two Drake wells will be tied in as soon as ground conditions permit. Dejour has also purchased 100% working interest in an additonal 3 sections at Drake and will be conducting a seismic evaluation to finalize additional drilling locations for the 2007/8 winter drilling season.
A third well drilled in Alberta has an open hole that has tested 1000 mcf/day from an upper zone. Dejour plans further testing through casing and completion on the deeper zones (including the Charlie Lake zone, which typically produces at 1.5mmcf/d in this area) in July 2007. Additional land acquisition is underway in this area and additional drilling will commence in Q3. Dejour has a 30% working interest in 6 Sections for this project.
A fourth well was drilled to a depth of 2,588m and cased. Further evaluation is underway. Seismic and geological review will dictate further plans in this area. Dejour has earned and purchased 15,360 acres of land in this area and has a ROFR on an additional 5760 acres. Interests vary from 15-45%.
The well selected for re-entry had one which zone tested non economic amounts of gas. A continuation application has been approved for the 4 Sections earned or under option on this project. There are two more potential hydrocarbon bearing zones that Dejour will be evaluating.
Dejour is purchasing other interests in this area and evaluating seismic for further acquisitions and drilling.
pemberton energy Also ha interest
https://www.pembertonenergy.ca/pdf/English_FactSheet.pdf
Peace River Arch Profile
Pemberton Energy currently holds a total of 1,600 acres in the Peach River Arch area, consisting of Gage and Berwyn Area holdings, in northwest Alberta, Canada. The Company is surrounded by numerous active oil and gas companies in a region that produced 4,300 barrels of oil equivalent (BOE) in 2004, and holds proved plus probable reserves of 15 million BOE*.
Pemberton Energy’s 1,600 acres in the Peach River Arch area (“the Arch”) of northwest Alberta, Canada, are surrounded by such active oil and gas companies as Tusk Energy Corp. (TSX: TSK), Canadian Natural Resources Limited (TSX:CNQ, NYSE: CNQ), Duvernay Oil Corp (TSX: DDV), Devon Energy Corp (TSX: DVN, NYSE: DVN), and Hunt Oil Company.
The area’s productive, multi-zone natural gas and light oil pools produced 4,300 barrels of oil equivalent (BOE) in 2004, and hold proved plus probable reserves of 15 million BOE*. The Arch’s well-established industry infrastructure also eases tie-ins and on-stream production.
Current Exploration Activity
Interpretation of a recent 2D seismic shoot determined the presence of numerous leads over multiple horizons from surface to basement on the Company’s property. The zones with the greatest hydrocarbon potential are sandstones ranging from 600m to 1200m in depth, including the Granite Wash formation, which the report specifically suggests as a target. Triassic sediments (1100m to 1400m) on the property also hold hydrocarbon potential.
On the strength of the 2D interpretation, and to minimize risk while maximizing potential return, Pemberton Energy has retained Integrated Geophysical Consultants Ltd. to perform a 3D seismic survey.
Funds have been advanced for permitting, landowner permitting fees, and the 3D survey. Meanwhile, a drilling rig has been secured through JMAC Drilling Ltd. (www.jmacdrilling.com), seeing as Management expects to commence drilling upon completion of the survey and selection of multiple drilling targets.
Nearby Discoveries & Production
Galleon Energy Inc. (TSX: GO.A) recently announced a gas discovery to the southeast of the Company’s property. With 2 meters of porous clastic sand and a potential of 2.7 mmcfpd gas production, the Galleon discovery supports the suggested Granite Wash Zone target mentioned above.
Galleon also recently drilled another deep well in the Beaverhill Lake sand formation with 10m of pay (2500 bopd) at approximately 3000m. Meanwhile, Hunt Oil has an adjacent well in the same zone, which is producing at the same rate. The gas sand has a potential of 1.0 to 2.7 mmcfpd.
Sound Energy Trust is there as well.
Sound Energy Trust combined business with Advantage Energy Income Fund closed on or about September 5, 2007
https://www.soundenergytrust.com/default.asp?V_ITEM_ID=476
Peace River Arch
Stacked Targets in a Prolific High Impact Area
The Peace River Arch is a highly competitive area well recognized by the industry for rewarding explorationists with prolific natural gas production both sweet and rich in natural gas liquids (NGLs). Over the last few years, Sound has built a concentrated undeveloped land base of 140,000 net acres that is generally characterized by year round access and drilling depths ranging up to 2,000 metres. The Arch also has a well developed infrastructure allowing for ease of tie-ins and on-stream production. Sound’s strategy in the Peace River Arch is to aggressively explore for grassroots prospects while developing early-stage resource plays.
The Trust’s production base in the Arch is approximately 2,400 boe per day. The Trust maintains a high working interest and operatorship in developing our resources. For the 2006/07 drilling season, the Trust plans to drill nine (9) gross wells at the Clear River, Shane and Eaglesham properties.
Clear River
The Trust has a large, high working interest landbase with year-round access, moderate drilling depths and prolific reservoirs. Principal producing reservoirs in the Clear River area of northwest Alberta are the Mississippian and Triassic-aged Baldonnel, Halfway and Charlie Lake Formations. Exploration and exploitation are both underway for these reservoirs in this area, each with a different risk and reward profile. Sound has plans to further develop these high deliverability reservoirs with additional wells.
Glacier
The Glacier Property is a new core landbase for the Trust which will become a focus for both exploration and early stage development. The area is characterized by tight gas zones that provide multiple opportunities for down-spacing or “Resource Play” model. The Trust has a significant inventory of development wells (40+) for both shallow and deep targets as well as prospective acreage for new pool discoveries.
Cecil
A new pool oil discovery in the Cecil property will be exploited for its full production potential in 2006. The Charlie Lake “JJ” Pool contains significant oil reserves for the Trust which will require the development of a waterflood scheme and facilities to maximize recoveries and increase the Trust’s rate of take. Oil wells in this field have deliverability in excess of 800 boe per day. Production in the area is primarily from Triassic-aged targets but the Trust has plans to undertake a new round of exploration for additional resources in other zones.
Shane/Girouxville
The Shane Girouxville Project area has recently become an area of some very large discoveries by industry. Our Girouxville Block offsets and is on-trend with a recent discovery in the Devonian that tested at rates greater than 1,000 boe per day. For 2006/07, the Trust has plans to drill a test well into a Debolt horizon as well as begin an evaluation of our land holdings in Girouxville.
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RESERVES???
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https://www.pembertonenergy.ca/news/news111005.html?NewsID=29
11/10/2005
Mr. Richard Saxon reports
Pemberton Energy Ltd. is adding the following information to its recent news, as reported in Stockwatch on Nov. 8, 2005. Production numbers of 4,300 barrels of oil equivalent (where one barrel is equal to 6,000 cubic feet of gas) for the last year in the Peace River Arch area, per day of light crude and, in addition, proved plus probable reserves of 15 million barrels of oil equivalent were based on the information disclosed by the major operator in the Peace River Arch area and were prepared in accordance to the COGE handbook standards.
Barrels of oil equivalent may be misleading, particularly if used in isolation. A barrel-of-oil-equivalent conversion ration of one barrel being equal to 6,000 cubic feet of gas is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
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Birchcliff is There TOO!!
https://www.marketwirecanada.com/mw/rel_ca.jsp?id=766310&k=
3. Reserves:
a. Based on the NSAI Report and deducting actual production through the first half of 2007, Birchcliff estimates the reserves at July 1, 2007 to be 11.3 MMBOE proved and 15.1 MMBOE proved plus probable. Future capital included in the NSAI Report was $31.2 million for the proved reserves and $59.2 million for the proved plus probable reserves from January 1, 2007 forward and $24.8 million for the proved reserves and $44.3 million for the proved plus probable reserves from July 1, 2007 forward.
b. The reserve life index based on production of 3,500 boe/d and the NSAI Report is 8.8 years for proved reserves and 11.8 years for proved plus probable reserves.
c. Prior to the Acquisition Birchcliff's December 31, 2006 year end proved reserves were 50% of the proved plus probable reserves. On a pro forma basis using Birchcliff's December 31, 2006 reserves and the NSAI Report adjusted for actual production to July 1, 2007, the ratio of proved reserves to proved plus probable reserves increases to 57%.
d. Birchcliff's current estimate of recoverable original oil in place results in a recovery factor ranging between 11% and 18% for various parts of the pool. Birchcliff expects to increase the original oil in place estimate and the recovery factors using a combination of primary and secondary waterflood recovery and further delineation and infill drilling. Significant upside could exist beyond current recovery estimates since analog Charlie Lake and Triassic-aged pools have predicted total ultimate waterflood oil recoveries of 17% to 45% with an average recovery of 28%, which is well above our current estimates for recovery. There is also future potential to further increase oil recoveries above those achievable from waterflooding by using either surfactant or carbon dioxide injection.
reserved resources GREATLY REDUCED!!!
SHOW ME!!
Cwhaler