Timeless Capital Corp V.TLC

Impotant reminder

[prospect_93]

Stop burrying my point!  There are people who come here to get an edge.

That's right.  No production and can't get it out of the ground. 

2010-08-09 09:19 ET - News Release

"Anglo has initiated the process of licensing an additional 20 drilling locations, based on management's review and interpretation of information relating to offset wells, regional geology and aeromagnetic surveys of the region."

My comment - So you are all smarter than the insiders running this play?


ACG Nordegg resource report - pages 38-39


" There are a scattering of wells that have been completed as Nordegg oil wells. Some of these wells are highlighted and shown on the included cross section:

100/04-11-063-25W5/00 was drilled for the Leduc in 1988. The Leduc was tested without

success and a core was taken. The Nordegg and Upper Montney were tested with limited

recovery. The Nordegg was then completed and has produced 198,011 barrels of oil with a low

water cut.

100/15-05-066-24W5/00 was drilled as a Montney test in 1987. The Upper Montney was

unsuccessful (appears wet) and a limited recovery test was run over most of the Nordegg. This

test recovered 210 metres of 17.6 API oil. It was subsequently completed in the Nordegg and

has produced 266,136 barrels of oil to date with a negligible water cut.

100/07-18-066-24W5/00 was drilled for the Montney in 2003. The Lower Montney was tested

with no reported rate. The Nordegg was completed and has produced 155,500 barrels of oil

with little water to date.

Recovery factors on these wells are 7% plus!

ACG Nordegg resource report - pages 39

PLAY ANALOGUES

The following table compares the reservoir parameters of the Nordegg in the Grand Prairie area to those of the current oil resource plays. The Nordegg play is quite comparable to the other plays and in some respects, looks extremely attractive.

See you at 0.30C.  Doc will pick you up in the delorian.