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Brazeau River The Brazeau operating area is located in west central Alberta, approximately 160 kilometres southwest of Edmonton.
Fairborne is the operator and has an 85.7% working interest in the Brazeau Belly River Unit #6 (the "Brazeau Unit") as
well as various non-unitized wells in close proximity to the Brazeau Unit. Average daily production from this area in As operator of the Brazeau Unit, Fairborne currently plans to drill 11 (9.8 net) wells which will target various oil bearing sands in the Belly River. In addition to the drilling program, recompletions to other potential zones in the Belly River are being planned for 8 (6.8 net) wells.
The Deep Basin area, located approximately 250 kilometers west of Edmonton, between Hinton and Grand Prairie, Alberta, began as a higher reward/higher risk exploration area for Fairborne in 2004 and has been an active growth area since. Fairborne made a new pool discovery in the Wild River area with a well drilled in early 2004 and followed up this discovery with two additional deep wells in 2005. In addition to Wild River, Fairborne has a large presence in the area with land it acquired in early 2004 from an acquisition completed with a major oil and gas producer. Since completing this acquisition, Fairborne has been very active in the area drilling both Cretaceous and deep Devonian targets. Average daily production from this area in the Third Quarter was 2,767 Boe/d including 16,229 Mcf/d natural gas and 62 Bbls/d in associated NGLs. Fairborne plans to drill between twelve and fourteen (5.5 and 6.3 net) wells and recomplete an additional two to three (1
to 1.5 net) wells during 2008. The Deep Basin is characterized by multi zone potential in the deep wellbores. Wells in
the area are typically in excess of 2,750 metres and up to 5,000 metres in depth and as such have several Cretaceous
formations as well as multi zone prospectivity in the deep Devonian portions of the stratigraphic section that are capable | ||||
