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Pele Energy Inc. Non Core Property Divestiture-Steele Area of Alberta

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Presentation on theme: "Pele Energy Inc. Non Core Property Divestiture-Steele Area of Alberta"— Presentation transcript:

1 Pele Energy Inc. Non Core Property Divestiture-Steele Area of Alberta
Divestiture of 100% Working Interest in completed and tested horizontal Mannville gas well 3MV HZ Steele W4/0 1.0 BCF gas remaining from P/Z material balance. Stabilized wellhead AOF of 840 mcf/d Close to existing pipelines and infrastructure Pele will consider offers or a wellbore swap in Saskatchewan Contract Curt Maxwell of Pele Energy Inc. at or (403)

2 Pele Energy Inc. Pele has 100% working interest in all PNG from surface to base Mannville in Sec W4 subject to a GOR. Existing pipelines nearby

3 Pele Energy Inc. Offset vertical well W4

4 Pele Energy Inc. Extrapolated reservoir pressure from well test W4/0 in Jan-12 confirms remaining GIP in Mannville pool ~1.0 BCF. Wellhead AOF 840 mcf/d

5 Pele Energy Inc. Current Deemed LLR Liability 02-19-066-24W4 : $66000
After 12 months based on decline forecast from initial rate of 500 mcf/d, forecast Deemed LLR Asset Value forecast $100000 Parties wishing to receive additional detailed Confidential Information relating to this opportunity will be required to enter into a industry standard Confidentiality Agreement.


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