Kaiser Exploration Ltd. is making available to industry its Cardium rights in 8,000 acres at Berland River, Alberta
Highlights:
- 12.5 sections (8,000 gross acres; 7,552 net). Average working interest across all lands is 94%.
- 100% owned existing surface lease with facilities and adjacent high grade road & NG pipeline tie-in, including a vertical Cardium Fm. producing oil well (7-12-59-25W5)
- Pad drilling from up to 5 existing surface leases allows for up to 23 horizontal locations (@ 4 wells per section spacing) with year-round access. Infrastructure and available capacity also in place.
- Existing vertical production (2140 m TD) is up to 20 BOPD (40.1 API; light sweet oil). Recent development at the analogous Wapiti field has yielded 450 BOPD IP 30 with EUR ~326,000 barrels.
- Geological “chip sample” comparison study between Berland and Wapiti confirms identical reservoirs at both pools.
- Current economics improve based upon longer horizontals and modern completion techniques reflecting EUR 504,000 BOE (over 300,000 bbls) per well with IP90 of 384 BOE/d.
- Development plan amongst several by-passed pay Cardium wells.
KXL 100% Cardium vertical producer at 7-12—59-25W5M
Development plan for the Cardium at Berland River with existing infrastructure overlying net pay map
Upon execution of a confidentiality Agreement, Kaiser will be scheduling technical presentations for interested parties.
Bid deadline: December 12, 2018
To request a copy of the CA or to discuss further please email kxlland@kxl.ca