Bonavista 2011 Oil & Gas Royalty Divestment	Bids Due: November 25, 2011	PDF IM 13 Pgs, 3 MB Confidentiality Agreement	Contact: Tom Caldwell 403-299-8453
Introduction Letter | Sale Timeline and Process | Disclaimer | Overview British Columbia Montney Package | Alberta Deep Basin Package | Diversified Royalty Package

 

British Columbia Montney Royalty Package

• ~51 producing wells at 1,400 Mcf/d, 1 bbl/d of oil and 1 bbl/ d of NGLs of royalty interest production
• 2011 annualized royalty income of $1,363 M
• 3,165 undeveloped and 16,735 developed gross acres under royalty ranging from 0.03% to 10%
• Majority production from the Montney, with minor production from the Gething, Baldonnel and Charlie Lake formations
• Main producing property is Bissette – Encana is operator
• Proven area of prolific Montney production
• Montney is comprised of thick section (over 300 m gross) of over-pressured, interbedded very fine grained sandstone, siltstone and shale
• 2,000 m horizontal legs maximize productivity of Montney reservoir
• Development is focused in Upper Montney with additional drilling locations identified in the Mid and Lower Montney sections
• 15 Proved Undeveloped Upper Montney and 4 Proved Undeveloped Lower Montney locations assigned by GLJ
• 12 Probable Lower Montney locations assigned by GLJ
• Additional drilling inventory identified outside of GLJ report

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