5 Sweet Natural Gas Wells and 1 Abandoned Site Assets Sale
Redemption has 5 sweet natural gas wells in the Sunrise field and 3 potential drilling locations.
There is potential to unlock $8,000,000.00 dollars in reserve with minimal liabilities.
Redemption is interested in a out right sale or a partnership for the Property to produce the sweet natural gas partnership.
The Sunrise field is located near Dawson Creek, British Columbia.
Redemption has the rights to the dunvegan – fish scales - cadomin - dunlevy - nikanassin - paddy cadotte - harmon zones.
Redemption has 100 % working interest in 5 wells
08 - 32 - 078 - 15W6M well licence no 17934
10 - 31 - 078 - 16W6M well licence no 17771
04 - 05 - 079 - 16W6M well licence no 17746
02 - 06 - 079 - 16W6M well licence no 17903
03 - 14 - 079 - 16W6M well licence no 17810
04 - 15 - 079 - 16W6M well licence no 17769 (Abandoned)
Potential drill sites 100 % working interest
09 - 29 - 078 - 15 W6M well licence no 17935,
03 - 30 - 078 - 15 W6M well licence no 17770,
16 - 04 - 079 - 16 W6W well licence no 17745
Redemption is looking for a interested aggressive oil and gas company. The well is under contract and has proven reserves.
Redemption is currently working with Pacific Northwestern Gas to tie into their residential sales line (low pressure line 100 psi, well pressure 500 psi, short tie-ins 500 meters). PNG has 44,000 residential customers a month. There is a potential to sign a 5 year contract on a fixed for natural gas price, into the residential line at a British Columbia natural gas spot price. There is also possible natural gas sales to the city of Dawson Creek and the Louisiana Pacific Mill near the well 8-32 on the hill. Water source well work over or injection well is possible. 2 -6 Well is across from Encana source water plant.
Redemption is looking to sell their property.
LLR: - 420,000
- CLIENT Redemption Resources Ltd.
- YEAR 2018