British Columbia

Montney Operations

Canbriam’s 60,232 net acres (94 sections) in British Columbia lies in the heart of the Montney shale gas play surrounding Talisman's Farrell Creek Montney shale position. Canbriam has tested both the Upper and Lower Montney zones in horizontal wells with very encouraging results.  As of Q1 2011 Canbriam has drilled 3 vertical wells and 13 horizontal wells which produce through two expandable gas facilities commissioned in Q1 2011.  Canbriam has renewable firm capacity on the Spectra T-North sales line which intersects its land base.

Asset Highlights

• 60,232 net acres of operated land in the Montney shale gas resource play
• Exposure to liquids-rich gas on a portion of the acreage
• The largest privately held Montney shale gas landbase
• Renewable firm access commitments for 50 mmcf/d on Spectra’s T North pipeline
• Inventory of more than 1,800 development drilling locations
• Over 300 m (~1,000 feet) of overpressured, gas bearing section in a predictable structural setting
• Canbriam’s Montney asset represents a scaleable, repeatable, low risk, material development project with stable long life production profiles.