The Prespatou area of northeast British Columbia (NEBC) consists almost entirely of natural gas and associated natural gas liquids with production of approximately 440 BOE per day.
As natural gas prices have remained depressed in 2010, the Company has focused on cost minimization and low cost optimizations to maximize profitability in the area. The Company has evaluated the geology of the entire area in which it holds interest to assess and identify potential drilling and workover opportunities. The 2011 development plans will focus on continued optimization of production from existing well bores. A drilling inventory has been established and a drilling program will be conducted should the price of natural gas improve.