Quick Facts
Nextraction’s Property
We own 3,500 acres (5.5 sections) along the northern extent Pinedale Anticline in the greater Green River Basin of western Wyoming. In 2010 we drilled and completed our first well in the play and established our first producing reserves. The pool may a reserve/ resource potential of 40 additional wells with 10 wells at 100% interest, and 25% interest in 30 wells.
Nextraction’s Reserves
- The Company completed the lower 13 zones in the first well in the summer of 2010 and upper 8 stages in December.
- The well had 250 metres of next pay in Tertiary, Lance and Mesaverde formations
- Exit 2011 at 104 Barrel of Oil Equivalent per day (boe/d).
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Reserves*
- Proved Producing 211 mboe
- Proved Undeveloped 353 mboe
- Total Proved and Probable -1,175 mboe
- 3P + Best Estimate Contingent Resource – 4,333 mboe
*Based on reserves evaluated by GLJ Petroleum Consultants as of December 31, 2010. The report is a National Instrument 51-101 compliant document.
Management Discussion & Analysis
The Pinedale Anticline is the second largest liquids rich natural gas field in the United States. We verified the extension of the Tertiary, Lance and Mesaverde pools in the field. We are expanding its knowledge and position in the area to continue development of this core asset as natural gas prices recover.
