Progress Energy
Resources Corp.

Winter 2010/2011
Asset Sale

Bids Due:

Jan. 17, 2011

PDF IM
45 Pgs, 21.8 MB

Confidentiality
Agreement

Primary Contact:

Tom Caldwell

403-299-8453

Introduction Letter | Foreward & Disclaimer | Asset Sale Overview

Fort St. John North: Overview | Beaverdam | Currant | Minor Properties

Fort St. John South: Overview | Two Rivers | Stoddart | West Eagle | Flatrock | Teal

Ojay: Overview | Area Activity | Nikanassin Development Potential | Cadotte/Falher Development Potential

Copton: Overview | Geology & Area Activity | Cardium Development Potential | Cadotte Development Potential

Two Creek: Overview | Jurassic 'A' and 'B' Pools | Jurassic 'A' Pool - ASP Upside Potential | Gething

• 60 boe/d of gas-weighted production from the Gething, Halfway, and Dunlevy formations (September 2010 net production)
• 2P reserves 167 Mboe (NPV 10% $652M)
• One gas tie-in candidate in the Gething Formation

• 30 boe/d of oil-weighted production from Gething and Halfway formations (September 2010 net production)
• 2P reserves 251 Mboe (NPV 10% $2,581M)
• Potential exists for one re-completion in the Bluesky Formation

• 8 boe/d of oil-weighted production (September 2010 net production) from the Halfway Formation
• 2P reserves of 56 Mboe (NPV 10% $382M)
• One gas re-completion candidate in the Baldonnel Formation

• 2P reserves of 12 Mboe (NPV 10% $195M)

• 31 boe/d of 93% gas-weighted production from the Dunlevy and Bluesky Formations
• 2P reserves 72 Mboe (NPV 10% $491M)