Zapata has working interests ranging from 13 to 100 percent in 25,816 (24,169 net) acres of undeveloped land in Southeast Alberta.
The Corporation has 34 (28 net) gas wells and 4 gross (4 net) oil wells in the area producing from the Belly River, Bow Island, Mannville and Mississippian formations.
Net sales in 2008 were 2,498 mcf/d of natural gas and 64 bbls/d of oil and NGL for a total of 480 boe/d.
Year Ended Dec. 31
2008
2007
% Change
Production
Gas (mcf/d)
2,498
2,015
24%
Oil (bbls/d)
47
62
(24%)
NGL (bbls/d)
17
21
(19%)
Total BOE/D
480
420
14%
Undeveloped land (gross acres)
25,816
16,974
52%
Note: 2007 figures were regionally reclassified for comparison purposes
