KODIAK ENERGY, INC.
LITTLE CHICAGO, NWT
- Located 170 km north of Norman Wells in the Mackenzie River Valley
- 3 potential zones of (1) Devonian Bear Rock prospect, (2) Basal Cambrian Sand/Top PreCambrian prospect and (3) Canol prospect
- Potential for 1B bbls of oil in place shallow to medium structures) plus multi-TCF potential in the deeper structures per engineering report
SOFIA, N.E. New Mexico, U.S.A
- Opportunity to develop a large CO2 resource for commercial volumes (estimated 500 bcf of CO2-in-place / 50% recoverable)
- First laboratory tests from first well show 98.4% to 99.5% quality CO2 with sustained extended flow rate of approximately 375 mcf/d from all 3 wells
- Secondary recoveries from "old" oil positions in the Permian Basin
- New oil and gas and evidence of helium on the project properties
Cougar Energy, Inc.
Cougar Energy, Inc. is a private subsidiary of Kodiak Energy, Inc. and incorporated in the province of Alberta, Canada. To enable Kodiak to achieve value for shareholders in the current market conditions, the subsidiary company was formed as a vehicle for financing purposes to move the Lucy and CREEnergy projects forward. With this structure, Kodiak transferred the Lucy and CREEnergy projects to the subsidiary in exchange for shares in the subsidiary. Cougar Energy, Inc. will enable Kodiak to finance the Lucy, CREEnergy and area projects and avoid dilution to Kodiak's EL413 and New Mexico projects.
CREEnergy JOINT VENTURE, N. Central Alberta
- Cougar to initially work with CREEnergy to select 2 townships of mineral rights from the CREEnergy project lands.
- Cougar is working with CREEnergy to identify, prioritize and nominate the first mineral rights that will be leased.
- CREEnergy recognizes that the value of the relationship comes from success and has not restricted the land selections, other than traditional significance and community commercial and residential lands
- The land selection process provides the most desirable mix of short and long term prospects with a variation of risk/reward profiles
- The leases are for 10 years, paid up with all rights, and the standard P&NG and oil sands rights are included for exploration and development, subject to the standard required regulatory approvals
- Geological prospects include a range of conventional oil and natual gas reservoirs from approximately 400 meters to 1,800 meters (1,300 feet to 5,900 feet) in depth and shallower heavy oil reservoirs
CREEnergy Area Acquisition, N. Central Alberta - August 2009
- Based on the April 1, 2009 engineering report provided by the private company, the estimated Proved and Probable oil reserves are CAD$459,000 (net present value -- 10%)
CREEnergy Area Acquisition, N. Central Alberta - July 2009
- Reported cumulative production in excess of 6.6 million barrels of light sweet crude oil from the Keg River and Granite Wash formations
- These wells previously produced up to an estimated total of 2,450 barrels of oil per day
CREEnergy Area Farmin, N. Central Alberta - June 2009
- Controlled royalty rates
- Close proximity to 2 natural gas sales pipelines within the farmin lands -- enhances economics even at depressed natural gas prices
LUCY, British Columbia (Horn River Basin)
- Substantial long term upside through developing a high impact Muskwa/Evie shale gas play
- Close to existing infrastructure -- pipeline, roads
- Estimated 123 Bcf of gas in place and 60m pay zone, according to Chapman Engineering Ltd. report
Last Updated Sept 22, 2009 |
