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The Kaybob/Waskahigan core area is located approximately 100 kilometres southeast of Grande Prairie, Alberta.
This core area has an undeveloped land base of approximately 43,000 acres with an average working interest of 87%.
Our 2008 average production rate was approximately 1,329 Boe/d (7.1 MMcf/d of natural gas and 147 Bbls/d of oil and liquids). The 2008 exit production rate was approximately 1,315 Boe/d. Production from the Kaybob/Waskahigan core area is characterized by hyperbolic decline rates decreasing to less than 10% per year over time. This type of production profile is positive from a reserve life index and royalty perspective.
Our Fir property has been offset to the northeast and southwest by successful Montney horizontal gas wells. We are evaluating our acreage to see if similar opportunities exist on NuVista land.
In 2008, we drilled 2 (1.3 net) gas wells and have developed an inventory of future drilling opportunities.
May 2009 |
