Big Lake Energy

In June 2012, Fortem Resources earned an undivided 100% working interest in the petroleum and natural gas rights to eight sections of crown land in the Compeer Alberta area through the drilling of its first horizontal Viking oil well at 05-29-33-02W4.

Big Lake Energy

The 05-29 well has been on production since February 2013 and the Company continues to monitor production performance. To date, immense activity has taken place by major companies within a 5-10 mile radius.

Fortem is encouraged that it has demonstrated Viking oil production potential across its Compeer acreage position. Its estimated reserves are 2.7MMbbls, assuming 5% recovery factor on potential 55.5 MMbbls Original Oil in Place.

The Company will continue to monitor its own well and the area activity to determine suitable next steps on its Compeer acreage.

  • Shallow, less expensive projects in provinces of Alberta and Saskatchewan
  • Early-mover advantage or sleepy areas away from the crowd
  • Year-round access and available infrastructure/transportation to market
  • Entry through acquisition, farm-in, joint venture or land sale purchases
  • Light oil accumulations with substantial original-oil-in-place and low recovery factor
  • Favorable economics including payout, rate of return, recycle ratio and net present value
  • Play types and formations in which the technical/operating team has proven experience

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