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
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Diversified Royalty Package

• ~333 producing wells at 944 Mcf/d of gas, 15 bbl/d of oil and 23 bbl/d of NGLs of royalty interest production
• 2011 annualized royalty income of $2,175 M
• Properties include Wilson Creek, Willesden Green, Morningside, Obed, Cessford, Princess, Eyremore and Maidstone
  • Operators include EOG, Arc, PennWest and City of Medicine Hat
• 51,072 undeveloped and 169,790 developed gross acres under royalty – 0.003% to 15%
• Multiple targets, often with commingled production, ranging from the Cretaceous to Devonian
  • Producing formations include the Edmonton, Belly River, Milk River, Medicine Hat, Cardium, Dunvegan, Second White Specks, Viking, Upper & Lower Mannville, Glauconitic, Bluesky, Gething, Cadomin, Rock Creek and Wabamun
  • Identified future growth
    • Drilling potential assigned reserves by GLJ:
      • 9 Proved Undeveloped locations
      • 1 Probable location
    • Shallow gas downspacing opportunities on underexploited lands
    • Horizontal drilling potential in key development areas such as Wilson Creek
  
  

  

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