Operations
Operations Overview: Q3 2009
| Production | 392 boepd |
| Proved and probable reserves (December 31, 2008) | 1,121,000 boe |
| Undeveloped land (net acres) | 4,418 |
2010 Outlook
Rangeview/Divide
• In the second half of 2010 drill several horizontal wells targeting Upper Shaunavon and
Madison oil production
• Other zones of interest include Belly River and Lower Shaunavon
Pembina
• Continue high-impact Cardium development
• Currently completing a multi-zone well, with zones of interest the Notikewin, Ellerslie, Viking and Cardium
• In the second half of 2010 plans are to drill jointly up to four (1.0 net) Cardium wells, with potential gas production from one or more of the aforementioned zones
Ronalane
• Tie-in 3-9 satellite for potentially 40 bbl/day (20 bbl/day net)
• Several Sawtooth “attic” oil recompletion opportunities
Wetaskiwin / Bittern Lake
• Horseshoe Canyon CBM, Belly River and Mannville formations
• 43% average working interest and 4,000 gross acres of land
• 44 remaining Trafina and Nexen/Trafina locations
• Area operators going to eight wells/section; another 84 locations
Pembina High-Impact Cardium Project
• The Company paid 50% of the drilling and completion costs to earn a 32.5% interest in the test well.
• Well is currently being completed, and subject to completion results, the farmor may back-in for an additional 8.125% net interest such that Trafina will end up with a 24.375% interest in one section of land.
• Prospective zones encountered include the Notikewin, Ellerslie, Viking and Cardium.
• In Q3 and Q4 of 2010 plans are to drill jointly up to four (1.0 net) Cardium oil wells on the earned section, with potential gas production from one or more of the aforementioned zones.
Ronalane
• 6-16 battery and four wells re-activated Sept 26
• Net production 35 bbl/day
• Two wells drilled in 2009 resulting in one producing Sawtooth oil well and one D&A well
• Tie-in 3-9 satellite for another 20 bbl/day net
• Multiple horizontal drilling locations with “attic” oil potential