Crescent Point ollut mukana Albertan Bakkenissa jo kaksi kuukautta

Ja on jo poraamassa ensimmäistä kaivoa. Ja tiedottaa vasta nyt:

CRESCENT POINT ENERGY ANNOUNCES STRATEGIC LAND
ACQUISITIONS, INCREASE IN 2010 GUIDANCE AND

September 20, 2010 CALGARY, ALBERTA. Crescent Point Energy Corp. (“Crescent Point” or the “Company”)
(TSX: CPG) is pleased to announce that it has acquired more than one million net acres of exploratory land in
southern Alberta that the Company believes is prospective for multi-zone light oil opportunities, including the
unconventional Bakken and Three Forks zones. The land was acquired through Crown land sales, freehold
leasing programs and the acquisition of a private company (the “Private Co. Acquisition”). In addition, Crescent
Point has acquired more than 100 net sections of undeveloped land in Saskatchewan, including 60 net sections in
the Company’s core Viewfield Bakken and Lower Shaunavon resource plays through Crown land sales in the last
several months. Crescent Point has already licensed and drilled wells on the Saskatchewan land and expects to
book reserves on this land at year-end 2010.

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The assets acquired in the Private Co. Acquisition include approximately 900 boe/d of low-decline conventional
production, 3.6 million boe of proved plus probable reserves and more than 995,000 net acres of exploratory land
in Alberta. Crescent Point considers the Alberta land to be prospective for multi-zone light oil reserves, including
the unconventional Bakken and Three Forks zones.

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“We believe there is significant untapped unconventional light oil resource potential in southern Alberta,” said Scott
Saxberg, President and CEO of Crescent Point. “These acquisitions provide us with a large, low-cost exposure to
this resource potential and a great opportunity to lever off the competitive and technical advantage we have
gained through horizontal drilling and multi-stage fracture stimulation in the Viewfield Bakken and Lower
Shaunavon resource plays in Saskatchewan.”
The Company has drilled and is currently completing its first horizontal exploration well into the play and expects to
drill more than 19 net development and exploration wells on the land by the end of 2011.
The upside potential of the producing conventional assets acquired in the Private Co. Acquisition decreases the
overall land costs and risks associated with pursuing the unconventional light oil exploration play in southern
Alberta.
“After adjusting for the value of the producing conventional assets and their potential upside, we acquired the land
from the Private Co. Acquisition at a very low cost relative to recent land sale activity in the area,” said Saxberg.

Lisäys 22.09.2010

Tj. Saxbergin BNN-haastattelu oston tiimoilta(miehen letti on hieman sekaisin, lieneekö ollut päiväunilla)

Näkemys tähän ostokseen on vielä selkiytymättä. Tuotantoon ja reserveihin nähden tämä on kallis, mutta maahan nähden halpa, kun (netto) eekkerin hinnaksi tulee $97. Lähinnä logien perusteella CPG on peliin hypännyt ja maan valinnut. Itsenäisen exploration-ohjelman aloittaminen Albertassa täysin uudessa muodostelmassa vaatii uusien työntekijöiden palkkaamista ja lisää muita kustannuksia, toisaalta potentiaaliahan tässä näyttäisi olevan. Deethree ja Bowood saivat CPG:n ilmoituksesta kunnolla vauhtia.
Sinällään mielenkiintoista että yhtään kaivoa ei vielä tuotannnossa ja tusinan verran pohjois-amerikkalaisia yhtiöitä on käyttänyt maan hankintaan, poraukseen, logien analyysiin, ytimien analyyseihin varmaankin jo yhteensä miljardin edestä rahaa.