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

This opportunity will have strong appeal to existing operators in the disposition areas, companies looking to establish new core, growth areas, and to start-up companies seeking to establish a critical mass of operated production with growth potential.

• Five concentrated, high-working interest, operating areas for sale
• Total land base of 252,506 working interest and royalty interest acres
• Total production of 3,919 boe/d
• Total 2P reserves of 15,261 Mboe (NPV 10% $178,235M)

• Company owned and operated infrastructure in each area
• Multiple zone potential in each area
• Extensive trade and proprietary 2-D and 3-D seismic coverage
• Large portion of undeveloped lands with well characterized low risk opportunities

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