• The Corporation has various working interests in 18,939 (13,917 net) acres of
undeveloped land in West Central Alberta.
• Zapata has 26 (12 net) gas, 26 (4 net) oil wells producing from the Elkton, Viking, Mannville, and Cardium formations, and 8 (5.6 net) CBM wells producing from the Horseshoe Canyon.
• Net sales from the area in 2008 were 2,133 mcf/d of natural gas and 91 bbls/d of oil and NGL for a total of 446 boe/d.
Year Ended Dec. 31
2008
2007
% Change
Production
Natural Gas (mcf/d)
2,133
2,386
(11%)
Oil (bbls/d)
43
60
(28%)
NGL (bbls/d)
48
54
(12%)
Total BOE/D
446
512
(13%)
Undeveloped land (gross acres)
18,939
31,913
(41%)
Note: 2007 figures were regionally reclassified for comparison purposes
