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

• 2010 cash flow $249M
• Diversified revenue across 11 properties
• 23,975 gross acres of royalty interest lands
• Royalty interest volumes (equivalent) of 18 boe/d
• Proved Plus Probable value of $1,422M
• PDP Accounts for 70% of 2P value
• RLI of 8 years based on 2P reserves of 57 Mboe