The overall front-end engineering design has been finalized for the 10 mbbls/day demonstration project and additional technical work is ongoing. Discussions with regulatory authorities are expected to continue into 2008.
September 30, 2007
The overall FEED progress for the Caribou demonstration project is currently approximately 80% complete. We have now identified 12 stratigraphic test locations for the 2008 winter drilling program following the completion of geological modeling and simulation studies. Discussions and negotiations
are continuing with regulatory authorities and various stakeholder groups on the development application
to the Energy and Utilities Board and Alberta Environment.
April 25, 2007
The company drilled 39 stratigraphic test wells, completed a 3-D seismic program and tested and cased two water source and four disposal wells. Engineering work during the quarter included modeling and
simulation studies. Discussions and presentations proceeded during the quarter with the Alberta Energy and
Utilities Board and several stakeholder groups.
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