SECOND WAVE PETROLEUM INC. -




WELCOME:
Second Wave Petroleum Ltd. (formerly WaveForm Energy Ltd.)
is a newly capitalized junior oil and gas company focused
on exploration, development and acquisition of oil and
natural gas in Western Canada.

Second Wave Petroleum is focused on the exploration, development and acquisition of oil and natural gas production in Western Canada. As of December 30, 2007, the Company produces approximately 500 boe/d (65% oil, 35% gas) with the majority of the production coming from operated core areas at Provost and Tableland which produce 245 boe/d and 85 boe/d, respectively. Second Wave operates in excess of 75% of its current production base.

OPERATIONS:
Second Wave has received Board approval for its 2008 budget containing a $9.8 million capital program resulting in 14.0 gross (10.8 net) wells being drilled in 2008. Second Wave’s drilling program is heavily weighted to oil prospects with 10.0 gross (8.6 net) wells targeting oil bearing formations. The 2008 capital program has been mainly focused on lower risk developmental type drills however we have budgeted 4.0 gross (2.6 net) wells targeting exploration plays with substantial upside potential. Based on this drilling program, Second Wave would expect to grow its current production base of approximately 500 boe/d to an exit rate between 725 and 775 boe/d.

http://www.secondwavepetroleum.com/operations/overview.html