Stacked Plays: Banff, Detrital, Crinoidal Banff and Basal Quartz
Single and Multi-lateral Development Potential Near Drumheller/Delia, Alberta
Paragon Energy Ltd. is a private start-up with an experienced team and a prospective, contiguous 6-Section of oil & gas rights in the oil-bearing Banff/Detrital/BQ intervals in Alberta. Paragon operates and has recently started producing 33 API Sweet Light Oil from a re-entry/recompletion for the well 14-34-31-18W4/2 from commingled Banff/Detrital oil zones. The 7-year-old HZ well was re-entered and fracked. Currently producing and selling 10 BOPD. The well is still cleaning up from original and recent fracs. 3,800 STB of oil plus currently recovering completion fluids. The Banff/Detrital anomaly extends to Sections 34 and 27 with up to 10 additional locations. A proposed Basal Quartz horizontal in Section 27 with up to 5 added locations. Two Crinoidal Banff horizontal wells in Section 16 can prove up additional wells/multi-laterals and injectors for a waterflood scheme. Due to the high perm nature of the Crinoidal, no fracs are necessary. Overall, over 20 locations are available in the Paragon Lands.
We are planning to drill 4 or more wells with a capital budget of $15 million and open to farm-out/sale of Paragon. The current capital program for the 4-well plan takes production to 600 BOPD. First 2 wells are from current wellsite 14-27-31-18W4. Presentation is available upon signing the NDA. There is a 1 Section AMI surrounding Sale/Farmout Lands.
Contact us to discuss our Farmout/Sale Opportunity:
Rocky Mottahedeh, President, CEO 1-403-607-8270 Email: rockym@uogc.com
Marc Melnic, COO 1-403-875-0505 Email: marcmelnic@gmail.com
Jason Zelinski, Landman 1-403-650-5025 Email: kaneland@telus.net
Paragon Energy Ltd. Suite 950, 396 – 11th Ave SW Calgary Alberta, Canada, T2R 0C5
Forward-Looking Statement
This presentation contains certain forward looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond Paragon Energy Ltd.’s control, including the impact of general economic conditions in Canada and the United States, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. Actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and accordingly, no assurances can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that Paragon Energy Ltd. will derive therefrom. Any and all information presented may be changed without notice.
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