British Columbia

Montney Operations

Canbriam’s 54,031 net acres (85 sections) in British Columbia lies strategically in the heart of the Montney shale gas play. As of 2010, Canbriam has delineated the Montney gas resource on its property with 4 horizontal and 3 vertical wells, tested multiple completion techniques and is planning to ramp up development in Q4 2010 coincident with the commissioning of its sweet gas facilities.  Canbriam has renewable firm capacity on the Spectra T-North sales line which runs through its land base.

Asset Highlights

• Exposure of 54,031 net acres of land in the Montney shale gas resource play

• The largest privately held Montney shale gas play landbase

• Renewable firm access commitments for 50 mmcf/d on the Spectra’s T North pipeline

• Inventory of more than 1500 development drilling locations (1000 in Montney)

• Over 300 m (984 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