FIELD ACTIVITIES / Berkley Petroleum Updates Activities at Carstairs,
Southeast Saskatchewan and NEBC
TSE, ASE SYMBOL: BKP
JULY 2, 1998
CALGARY, ALBERTA--Berkley Petroleum is pleased to update recent
activities at Carstairs, southeast Saskatchewan and in northeast
British Columbia.
At Carstairs, Alberta, the company has received permission from
the EUB, effective July 1, 1998, to increase production from the
Carstairs Elkton G pool under terms of a revised good production
practice application (GPP). The company is anticipating net
production of approximately 6500 Boepd during the second half of
the year from the G pool.
In southeast Saskatchewan, net production has been increased to
approximately 5325 boepd. This has been achieved through
Ordovician waterflood optimization and production enhancements at
Midale, initial Midale Winnipeg Sand production, and start-ups at
Talmage and Harthaven. Significant further production additions
are anticipated in the second half of the year from the Winnipeg
Sand at Midale, the Midale C pool waterflood and further
development of regional Ordovician Red River discoveries.
At Adsett, in northeast British Columbia, the company has
completed the acquisition of producing, non-producing and
exploration lands from Gulf Canada Resources Limited for a cash
consideration of 14.3 million dollars. Current production for the
property is 8.25 MMCFPD. The acquisition of these gas assets,
which complement Berkley's existing production and facilities at
Adsett, will allow the company to proceed with a major gas
development in the area during the next 12 months.
During June, the company has cased new pool discoveries at
Blueberry West and Wilder in northeast British Columbia and Wild
River in Alberta.
Berkley Petroleum's News Releases for the past 14 months can be
accessed electronically through the Canadian Corporate News
website at cdn-news.com
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