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CBM and conventional oil and gas target
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5,120 gross acres of land (~50% Working Interest)
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In-situ Resources: 32 to 64 bcf gross (16 to 32 bcf net)
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Mannville coalbed methane potential
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Conventional dry gas upside from Stettler, Glauconite and Viking (opportunities for short-term cash flow to finance future CBM development)
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4 to 10 metres net coal thickness in 2 or 3 seams
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Depth to Mannville coals generally between 1200 and 1300 metres
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3 conventional wells awaiting tie-in: 2,000 mcf/day net
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Evaluating coalbed methane potential from vertical conventional wells
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Planning horizontal coalbed methane well in 2007
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Building a pipeline and installing facilities owned 100% by Richards
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