Stormcat Energy Corporation
FAYETTEVILLE SHALE
PRODUCING PROPERTIES
AND LEASEHOLD
Fayetteville Shale Resource Play
- Current Operations
- 48 Wells
- 14 Operated (9 producing)
- 34 Non-Operated (30 producing)
- Outside operators include SEECO and Chesapeake
- Net production of ~1.5 MMcf/d
- Net monthly cash flow of ~$100,000
- Shallower pay zone via regional trend and faulting
- Located in high organic content and high thermal maturity area
- Drilling and completion costs of ~$1.9M per well
- Technology advancements correlating to higher EUR’s and reserves
- Infrastructure including pipeline in place
- Land
- 25,861 gross acres / 18,802 net acres
- 5 – 10 years of drilling inventory
- Well spacing of 5 horizontal wells per section
- Lease renewals range from 2010 to 2014
Category |
Net Gas
Reserves - MMCF |
PV10%
Value – M$ |
PDP |
3,099 |
6,939 |
PNP |
1,160 |
1,442 |
PUD |
4,694 |
3,538 |
Total Proven |
8,953 |
11,919 |
Dataroom will be available May 13, 2010
FOR QUESTIONS PLEASE CONTACT |
| Julia Foster, CPL |
(303) 721-6354 ext. 229 |
| David Bickerstaff, Geologist |
(303) 721-6354 ext. 232 |
| Chris McCarthy, P.E. |
(303) 721-6354 ext. 224 |
|
BID DATE
JUNE 23, 2010 |
EFFECTIVE DATE
JULY 01, 2010 |
CLOSING DATE
JULY 31, 2010 |
|
