Celtic Exploration Ltd.

Fall 2010 Asset Sale

Bids Due:

Nov. 10, 2010

PDF IM
53 Pgs, 29.8 MB

Confidentiality
Agreement

Primary Contact:

Mark McMurray

403-299-8447

Introduction Letter | Foreward & Disclaimer | Asset Sale Overview

Northern Alberta: Overview | Utikuma | Minor Properties

North Eastern Alberta: Overview | Ashmont

Central Alberta (Non-Unit): Overview | Swan Hills/Virginia Hills & Judy Creek | Ferrier/Willesden Green | Minor Properties

Central Alberta (Unit): Overview | Virginia Hills Unit | Leduc Unit

South Central Alberta: Overview | Michichi | Drumheller | Richdale

Southern Alberta #1: Overview | Bantry | Pekisko (Princess) | Mannville Waterflood

Southern Alberta #2: Overview | Alderson | Bow Island

Royalty Group: Overview | Properties

• 154 boe/d of operated, light oil producing from the Keg River, Spirit River, Slave Point, Granite Wash, Gilwood and Ireton Formations
• 2P Reserves of 494 Mboe and $9.6 MM (NPV 10%)
• Medium-life oil reserves (RLI of 6.7 on PDP)
• Upside potential with development of additional Keg River and Gilwood locations.
• Average working interest of 61% in 23 gross sections of land
• Central oil battery with a 61% WI

The Northern Alberta asset group is
anchored by the operated, Utikuma light oil property. The Keg River and Gilwood Formations are the main producing zones. Additional development potential has been identified on Company Lands.