Oil & Gas Properties
 


* Interest has been earned or is in the process of being earned
* Reserves valuations available from company management

 
Dina Gas Field (640 acres, 100% Working Interest)
The Dina property consists of a two well gas field, selling gas from the Viking and Saint Walberg zones. Potential production was also seen in logs in the Second White Specks zone.
There is additional potential for heavy oil being produced from the Sparky formation in the lower portion of the well.

The Dina property contains three probable additional dual gas wells – scheduled to be drilled after gas prices increase.

Proved gas reserves: Viking, Saint Wallberg.
Probable gas reserves: 2nd White Specks.
Possible oil reserves: Sparky.

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Chain Gas Field (640 acres, 85% Working Interest)
The primary producing zone at at Chain is the Viking zone, The well at 7-18-33-16 has produced some 200 million cubic feet of gas since it was drilled in 2002. It currently produces some 70 MCFPD.
The Belly River and Edmonton gas zones appeared highly probable on the acreage and several recent wells have been cased offsetting company acreage.
Three offsetting wells to explore these sands as well as the Coal Bed Methane prospects are scheduled to be drilled after gas prices increase.
Proved gas reserves: Viking.
Probable gas reserves: Belly River.
Possible gas reserves: CBM.

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Link Gas Field (640 acres, 88.75% Working Interest BPO reverting to 43.375 APO)*
The Link well in 7-28-34- 17W4 was drilled in 2003. The well produces gas from the Edmonton and the Belly River Formations.
The well initially encountered water production problems and had been marginal since inception, however, a recent workover has increased production to make the well an economical producer.
The Link area is also considered potential for Coal Bed Methane production.
Proved gas reserves: Belly River, Edmonton
Probable gas reserves: CBM

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Dowling Lake Area One (640 acres, 75% Working Interest )*

The discovery well, Padriv et al Dowling Lake 7-5-33-15W4 , was drilled in 1982 by Sun Oil company. Commercial gas (1.1 million cubic feet per day) had been discovered in the Lower Belly River sand zone at at 450 m.

The well was re-entered and placed on stream through a sales pipeline installed by the Dowling Lake Joint Venture group. The well produced for 6 months before going to water. All attempts to re-complete the well were unsuccessful and it was shut-in. It is probable that the cement behind the casing failed.
The area is also potential for Coal Bed Methane production. A new well is scheduled to be drilled after gas prices increase.
 
Probable reserves: Belly River, Edmonton and CBM.

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Shale Gas Project

An extraordinary situation has developed in the oil and gas industry that commenced some four years ago and now has reached a fever pitch. The magical words today are “SHALE GAS”. Shale gas discoveries are turning up in sedimentary basins that were considered worthless only one year ago. The reserves of North America have doubled, and this may be but the tip of the iceberg.

Shale gas wells are being drilled in Saskatchewan, NE British Columbia, Washington, Texas, (the Barnet Shale now shows 6700 wells) Oklahoma, and many more areas up to and including Quebec and Pennsylvania.
 
Estimates of the untapped unconventional shale gas reserves are as high as 100 trillion cubic feet. At $10.00 per thousand cubic feet we are looking at trillions of dollars in the future. It is truly remarkable that these previously untapped shales have now become the basis for doubling the reserves and value of the North American oil industry.
 
DAR Energy Inc. is currently in the process of leasing a shale gas project. The location of the lands is being held tight until the leasing is complete. The project centers around a known surface anticline. The area shows shale thicknesses up to 2500 feet thick.
 
A cable tool well drilled on the property in the ‘20’s produced gas but was not considered worth while at that date. (The industry process called hydraulic fracturing, key to the release of the gas in the shales and sands was not invented until 1955. Horizontal drilling was not widely utilized until the 90’s).
 
Most surface anticlines were drilled in the 1920’s by the industries pioneers; they resulted in billions of barrels of oil and billions of cubic feet of natural gas. But they are extremely hard to find today.
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