Core Areas
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Ansell/Sundance
- Full-cycle Deep Basin multi-zone exploration-development-exploitation play
- Core area of base vertical and horizontal production
- Liquids-rich production of >6,000 boe per day exiting 2011
- Active horizontal/multi-stage-frac growth area with two drilling rigs operating in winter 2011-2012
- 60 net undeveloped sections of land, 85 percent average working interest, 97 percent of production operated
- Over 50 mmcf/d net operated processing capacity
- 17 separate geological reservoirs encountered through vertical drilling, with 45 gross vertical wells on production from 174 zones
- 15 gross horizontal wells on-stream from the Wilrich, Notikewin, Cardium and Bluesky (at year-end 2011), with extensive further horizontal potential
- Multi-year running room from extensive inventory:
- 150 vertical locations
- >100 horizontal locations
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Rough
- Extending the prolific and liquids-rich Hoadley Glauconitic play into the Alberta Foothills
- 3,650-metre-deep Open Range Glauconitic vertical discovery (December 2007) on-production since Q4 2008
- 34 net undeveloped sections at 91 percent average working interest
- Offset by prolific Deanne pool (50 bcf recovered from vertical wells to date)
- Nearby Strachan horizontal development with IP up to 8 mmcf per day plus approx. 35 bbls of liquids per mmcf
- Open Range is contemplating spudding a Glauconitic horizontal well in the fourth quarter of 2012
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Waskahigan
- Montney horizontal light oil opportunity with current inventory of 20 drilling locations
- Eight sections of land at 100 percent working interest
- Directly offsets prolific producing Montney wells
- First horizontal well spud on January 3, 2012
- Three additional wells are planned after spring break-up 2012
- Potential for Duvernay shale liquids-rich gas
- Numerous recent successful Duvernay tests drilled in the region
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