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

• (September 2010 net production) from two separate Jurassic sandstone pools
• 2P Reserves 1,005 Mboe (NPV 10% $16,142M)
• Combined OOIP greater than 19 MMbbl
• Potential new drill locations in the Jurassic ‘A’ Pool
• Potential to initiate waterflood on Jurassic ‘B’ Pool
• Potential to increase oil recovery with an Alkaline Surfactant Polymer (ASP) tertiary flood in both the Jurassic ‘A’ and Jurassic ‘B’ pools
• 278 km of 2-D and 40 km² of 3-D seismic data is available across Company lands
• 100% average working interest on 4,320 gross acres of land (additional 1,280 royalty interest acres at 7.5%)