Buick Creek Area, B.C.

Stable Production: Lowering Operating Costs

 

Net Acres Gross Acres
 2009 P+P Reserves                  2008 P+P Reserves
2007 P+P Reserves
3,737 6,037  0.442 MMBOE 0.481 MMBOE 0.554 MMBOE

 

Overview

The Buick Creek area produces from the shallow Buick Creek-Dunlevy zone and is characterized by stable production, long life reserves with high operating netbacks.  While the property is of an older vintage relative to its other producing areas, Fortress's independent reserve evaluator has augmented reserves from time to time in this area without the application of significant capital.