Transcript Taber - pacific paradym energy inc..

PACIFIC PARADYM ENERGY INC.
Investor Presentation / Summer 2010
Taber Property
Pacific Paradym has earned a 25% working
interest in a mature medium gravity oil
property at Taber, in southern Alberta. The
company spent $1.6 million to drill complete
and tie in 2 wells. The Company now owns
an interest in 13 oil wells and a production
facility at Taber, from which it is currently
producing 27o API oil from the Glauconite
Formation at a total rate of approximately 70
barrels of oil per day (gross). The additional 2
new wells are expected to add significantly to
this number and should be on production
before end of October 2010.
Taber, Alberta
Glauconite Oil Pools, 3D Seismic Coverage
Taber Property
The following time slice at approximately
Glauconite level shows the distribution of the
oil pools underlying Pacific Paradym’s lands
at Taber and the surrounding prospective
features. The is 3D seismic coverage over
the entire property.
- Current production (gross) 70 barrels a day
- Additional production (groos) anticipated
Between 120 to 160 barrels / day on 2 new wells
- Potential upside – drill 1 additional well before
Year end.
-Stimulation programs offset horizontal drilling
potential
Taber
Time Slice at Approximately Glauconite Level
Taber Property
Pacific Paradym’s wells at Taber have a long reserve
life and have been producing medium gravity oil at a
steady rate for several years, as illustrated on the
following group production plot.
Glamis Taber 02/12-24-010-16W4/0
Glauconite Formation
The Glauconite reservoir is consistently clean and
highly porous and permeable, with permeabilities
in the 1,000’s of mD. Typical net oil pays range from
2.0-5.0 metres, as illustrated in the logs from
the well Pacific ParadymTaber 02/12-24-01016W4/0 (RR 1994-06-01).
The 02/12-24 well encountered an oil water contact
at a structurally higher elevation than the rest of the
wells in the Taber area, suggesting that there is a
stratigraphic or structural break in the reservoir near
the 02/12-24 well. This sets up the possibility of
drilling further development wells in this area.
Taber Property
Tertiary Recovery Potential
The Glauconite pools which Pacific Paradym is currently producing from at Taber are candidates for a tertiary flood scheme such as the
Alkaline/Surfactant/Polymer (“ASP”) chemical flood that has been contemplated for the Little Bow property of Masters Energy Inc. (now
Zargon Energy Trust). It is believed that the reservoir at Taber is similar in character to the reservoir at Little Bow. The Little Bow
property, discovered in 1974, went under waterflood in 1983. Estimated recovery to date is approximately 33%, and ultimate waterflood
recovery is estimated to be 41%. With an ASP flood, it is estimated that the ultimate recovery could be increased to 53%-66%.
Another analogous pool currently under ASP flood is Husky’s Taber South (Warner) Pool. Total pool production of 300 bbl/d prior to
implementation of an ASP flood in 2006 was increased to over 1,600 bbl/d. Oil cuts in the producing wells increased from 1.7% to 8.0%
under the ASP flood.
South of Pacific Paradym’s lands, an ASP flood was initiated in the Taber Glauconite “K” Pool in 2007.
This is a longer term program.
Taber Property
Field Operations
All of Pacific Paradym’s wells at Taber are connected by flow
line to a central battery, which is located at 03-24-010-16W4.
There are three satellites (at 07-14, 15-14 and 05-24) but no test
separators are utilized on this 100% property, so production
volumes and charges are for the most part booked to the battery.
Pacific Paradym’s battery is located on a L.A.C.T. meter, so
sales oil flows directly into Inter Pipeline’s Bow River South Area
Pipeline System.
Taber Field Photos
Taber Property
Officers & Directors
Harry Chew, CGA, BBA
President/CFO & Director
D. Paul Andrews
Director
Trent Hunter, P. Eng. MBA
Director
Sonny Chew, BA
CEO/Corporate Secretary & Director
Notables
• Pacific Paradym has earned a 25% interest in the Taber project from Strategic Oil &
Gas by spending $1.6 million on drilling 2 new wells.
• 2 new wells have been drilled and anticipated to be on production by end of October
2010.
•1 new well to be drilled before year end.
•ASP flood program anticipated
•Horizontal drilling option available
•Gross production by year end anticipated to be approx. 300 bopd (net 75 bopd)
• All monies beyond $1.6 million will be spent 75 / 25 by Strategic / Pacific Paradym
respectively
Share Capital
Current Share Capital of Pacific Paradym Energy Inc. as @ September 2010 is 60,962,698.
The dilutables are as follows:
Warrants:
6,000,000 @ $0.10 wts. Expire December 19, 2010 (balance: 5,570,000)
5,570,000
2,200,000 @ $0.10 wts. Expire December 19, 2010
2,200,000
220,000
5,000,000 @ $0.10 wts. Expire February 3, 2012
5,000,000
500,000
27,859,333
$ 3,540,400
15,089,333 @ $0.15 wts. Expire July 26, 2012
Options:
$
557,000
Options granted February 15, 2008
1,000,000
$
100,000
Options granted February 3, 2009
2,000,000
$
200,000
Options granted April 6, 2010
1,000,000
$
130,000
4,000,000
$
430,000
Summary of Reserves and Value
August 2010
25% Working Interest for
Pacific Paradym
NPV 10% - $2.1 million (P+P)