What We Do
Building Cash Flow
The Corporation has identified numerous compelling acquisition opportunities in Canada. Thus far the Corporation has acquired working interests in two wells. The first well is now on production and producing 85 Barrels of Oil Per Day (“BOPD”). The Corporation has a 50% non-working interest in this well, and as such is earning 42.5 BOPD.
The Corporation has also entered into an agreement whereby it acquired a working rights interest to a former operating well that has a historic production record of between 20 and 30 BOPD. The Corporation is committed to funding and implementing a workover program with the purpose of recommissioning the well. Once the workover program is completed and the well is both recommissioned and put back online, the Corporation’s working interest on the well will be 100%.