Claresholm Area Summary Twp 10-16, Rge 25-28 W4M

LTA operates and has a near 100% WIO in over 100 producing wells, with a positive LLR rating, in the Claresholm area. LTA currently produces 9,000 mcf/d of natural gas and 100 boe/d of oil and condensate for a total of 1,600 boe/d. Production comes mainly from the Mannville group of sands along with the Bow Island and Barons formations. The natural gas production is rich in NGL’s and the high heat content results in a natural gas sales price premium per mcf.

The oil production is sweet and high quality averaging 40 API. The majority of oil production is treated at the company operated 16-25 battery, blended with Company condensate and shipped clean to market.

All production is very long life with yearly declines of 10% or less. LTA has a near 100% WIO in all of the production and processes the majority of its production through company owned facilities