Natural Gas
The Transition Fuel
Coming Soon
Traditional Energy
2CP Resources Ltd is a private company with a unique Gas + Secondary Oil opportunity in North America
Gas Project: 1 x drilled and completed well
- 13,000’ vertical x 5,500’ treated lateral
- Remove plug and bring online
- Evaluate potential of 17k acres offsetting well
- 54 Potential Well Locations
Reservoir Properties
- 300-400’ Thick Pay Zone
- Porosity 8-12%
- Pressure Gradient 0.6 psi/ft
- Water Saturation 23%
Oil Project: 2 x drilled and completed wells
- Well 1: 8,590 vertical x 6,800 lateral
- Well 2: 8,670’ vertical x 4,300’ treated lateral
- Remove plug and bring online
- Evaluate longterm production capability of wells
- 100+ Potential Well Locations
Reservoir Properties
- 200-400’ Thick Pay Zone
- Porosity 8-15%
- Pressure Gradient 0.52 psi/ft
- Water Saturation 70%
- Traditional energy will be required for decades to come and forms part of the transition to clean energy
- Projects identified from previous ownership, 3D seismic, exploration, well testing and offset data .
- $70+ Million spent previously and over a $2.0 Billion by offset operator
- Total Gas well reserves conservatively estimated 7.6 BCFE
- Early cashflow once gas and oil wells brought back into production
- Ability to expand the project to 20k+ acres with a single lease execution.
Well Site
Well site contains:
- Well pad
- 3 x discovery wells
- 2 x frac pits
- 2 x water wells
- Tank battery enclosure
- Flare towers
- Left over surface equipment
- High voltage power adjacent
- Gas pipelines adjacent
