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Equal Energy Ltd. Message Board

  • nawaralsaadi nawaralsaadi Feb 24, 2012 10:08 AM Flag

    non core assets update.

    I recently checked with the company, Equal still owns a couple of non core assets:

    1.Clair Oil Field

    The Clair property is located North of Grande Prairie area of Alberta. Equal's assets include a 100% working interest in 7,360 total gross acres of land (1,220 net undeveloped acres), 16 producing wells, 6 water injection wells, and a profit sharing interest in an oil blending facility. Gas is conserved and processed at the Encana Sexsmith gas plant. Oil is delivered into the Pembina Peace Pipeline System.

    Oil and gas production is primarily from the Doe Creek (Dunvegan) formation. The Doe Creek oil pool produces light (41 API) oil along with solution gas and is currently under water flood to maximize oil recovery. Current production is approximately 275 boe/day.

    2.Liebenthal gas pool

    This is a small dry gas field in Saskatchewan (tiny production 40 barrels per day) currently shut in (not profitable).

    -------

    We always talk about the Viking, Cardium, Hunton and the Mississippian; of course this is where all the value is; but the non-core is still worth few million dollars (especially clair).

    Regards,
    Nawar

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