High River Area Summary Twp 16-18, Rge 28-29 W4M

LTA operates and has an interest in over 50 producing wells, with a positive LLR rating, in the High River area. LTA operates and has a 100% WIO in a 10 mmcf/d refrigeration gas plant at 12-31-16-28W4M. LTA net production is 6,000 mcf/d of natural gas and 150 bbl/d of condensate from this facility for a total area production of 1,150 boe/d. Production comes mainly from the Mannville group of sands. The natural gas production is rich in NGL’s and the high heat content results in a natural gas sales price premium per mcf.

All production is very long life with yearly declines of 10% or less. LTA has a high WIO in the production from this area and processes all of its production through the company owned facilities at 12-31-16-28W4.