Comparison to NPE (taken from their presentation) Market Cap of NPE is 107mil CAD Market Cap of PTCH is 69mil CAD
RESULTS TO DATE • Nine wells were drilled and cored during NPE’s winter 2006/7 drilling program • Internal resource characterization study completed • Block B (South) identifi ed as area of greatest prospectivity • 28,800 acres • Estimated discovered resource (1)(2) of 1.0 to 1.6 billion barrels in place • Reservoir characteristics: • Bluesky formation • Reservoir depth relatively shallow at 400 metres • 8 to 16 metres bitumen thickness • Oil gravity averages 9.8º API • Porosity averages 31% • Oil saturation averages 60% • Marine depositional environment
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