CURRENT NEWS

Feb 28, 2014
Early Warning Press Release of Gordon F. Dixon PDF

Dec 9, 2013
PanTerra Announces
Non-Brokered Private Placement PDF

Dec 5, 2013
PanTerra Completes 9.6 km Pipeline at Tomahawk PDF

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock Information | SEDAR


Overview

View our presentation: PanTerra Presentation

PanTerra is a diversified junior public oil and gas company listed on the TSXV (PRC.V) with holdings in both conventional and unconventional projects in Western Canada. The Company has an operated production base of 108 BOEPD 85% oil (based on the 2013 year end NI 51-101 Report) with excellent optimization and exploitation potential via the drill bit and work-over route. PanTerra has 28,777,855 shares outstanding, (31,292,858 fully diluted), approximately $20.0 Million of tax pools and a current bank line of $1.18 Million.

PanTerra’s strategy is to focus on its oil producing projects with expandability and sustainability. The Company will maintain a working interest and operatorship where possible. PanTerra plans to drill and continue to acquire producing properties more heavily weighted towards oil. PanTerra’s current conventional oil producing properties are located at Carrot Creek and Tomahawk in west central Alberta. The company also has a minor gas producing property at Gadsby, in central Alberta.

The company has been actively involved in an extensive re-evaluation and optimization of its 100% operated oil properties at Tomahawk North, Tomahawk South, Tomahawk West and Carrot Creek, Alberta. At Tomahawk North and West, numerous development wells are planned for 2014 / 2015. The company constructed a nine km. pipeline to gather and conserve all of its gas production in the Tomahawk area making new drill economics more attractive as solution gas will be captured and sold. The company currently has one additional well licensed at Tomahawk North, one pending at Tomahawk West and is working on obtaining permission to survey other locations. The company is also excited about the potential of a liquid rich gas play that has been discovered just off setting the company’s large block of recently acquired land at Tomahawk West. Ongoing evaluations are taking place and to date the company has identified up to thirteen potential horizontal drilling locations that offer the potential to capture between 3 & 5 BCF of Natural Gas and 84,000 to 200,000 barrels of NGL’s per section.

PanTerra’s focus on oil exploitation includes immediate well re-activations, re- entries involving an Enhanced Oil Recovery project at its Carrot Creek property. Recent activity at Carrot Creek has produced very positive results. The Phase II water-flood battery upgrade has commenced and once the project is completed, should result in an additional 80-90 BOPD of oil production from the Phase II portion of the Cardium GG pool.

Given its year end NI 51-101 Engineering Evaluation the company has the potential to add a solid 268 BOEPD (91% oil) for a capital expenditure of $6.847 Million resulting in finding costs of approximately $25K per flowing bbl or $7.11 per bbl of reserves. This yields a ‘Recycle Ratio’ of 5.13 and has a ‘Reserve Life Index’ of 20.86 years (total proved).

The company is also on the lookout for strategic production acquisitions and is at any given time evaluating several options.

The company is also looking into creative ways to finance any potential acquisition and is entertaining, mezzanine finance, debentures and or an equity raise.

View our presentation: PanTerra Presentation