TOMMY LAKES, BC
MONTNEY LIQUIDS RICH GAS OPPORTUNITY
MONTNEY FM: ONE OF WORLD’S LARGEST GAS RESOURCES
The Montney siltstones are expected to contain 449 trillion cubic feet (Tcf) of marketable natural gas, 14,521 million barrels of marketable Natural Gas Liquids (NGLs), and 1,125 million barrels of marketable oil (National Energy Board of Canada – 2013)
TOMMY LAKES MONTNEY PROJECT OPPORTUNITY
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Bounty has available for farmout or divestment two blocks of Montney and other rights (total land 1388 hectares (5.4 sections) in the Tommy Lakes area of NE B.C. The lands offset two successful horizontal test wells drilled by Calima Energy Ltd. and located north of Saguaro’s high quality Montney development.
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The south block of land is a drilling license containing 833 hectares (3.25 sections) of PNG rights while the nearby north block is a drilling license containing 555 hectares (2.15 sections). Bounty holds 100% of all rights, surface to basement, in these agreements which expire February 22, 2022.
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One Calima well flow tested 10.2 MMcf/d with a CGR of 36 bbl/mmcf (Calima Energy Presentation: Calima Energy-Liquids Rich Montney (Australian Energy & Mineral, Brisbane, Mar 27, 2019)). Vintage well offsetting Bounty land has key log showing outstanding Montney resource.
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Resource potential of 37 MMBOE (via 24 Middle and Upper Montney Wells) with development opportunity for upwards of 36 Hz wells on all 3 Montney benches (analogy to Saguaro demonstrated production to south).
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Approved 8” gathering line (50 MMcfd) allowing for transport to NorthRiver Jedney gas plant with multiple options to connect with the U.S. and LNG export markets. Other nearby land owners/operators include Progress, Black Swan, Saguaro and CNRL.
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Joint development opportunities with area operator.
BOUNTY LAND AND OFFSET ACTIVITY
Additional data/confidential information will be made available to interested parties who sign a confidentiality agreement.
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A Farmout or JV Partner is preferred but all proposals or including a cash offer will be considered.
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For further information, and to make a proposal, contact Paul Clark, CEO and Land Manager, at 403-804-8735 (cell), 403-718-7427 (direct) or paulclark@bountydev.com.
Advisory
This document has been prepared solely for the purpose of introducing an opportunity to a prospective purchaser or joint venture partner. The information contained herein is based on various assumptions and interpretations and is not intended to be a representation or warranty to be relied upon by any party. Bounty Developments Ltd., its employees, agents and officers shall have no liability arising from any errors or omissions in the forgoing. It is intended that any party interested following up on this opportunity shall make and rely solely upon its own corporate, geological, geophysical, engineering, environmental, accounting, legal and financial investigations, analyses and interpretations relating thereto.