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

• 326 boe/d of operated, light oil from the Pekisko and Lower Mannville Formations
• 2P Reserves of 1,879 Mboe and $34 MM (NPV 10%)
• Medium-life oil reserves (RLI of 6.9 on PDP)
• Significant upside potential with further horizontal development in the Pekisko
• Average working interest of 68% in 14 gross sections of land
• Oil production is handled from two Company-owned owned central oil facilities (50% and 100% )