Ignite Energy and Power Search Presentation 02 06.pdf · Oil over Water in Dina New Talisman hrz activity. 2 long reach and 1 short reach Harvest Pool Est. ultimate recovery 1mm Bbls

Ignite Energy and Power SearchLand Holdings and Prospect Summary

SUMMARY

Ignite Energy Corporation and Power Search Exploration own approximately 40,000 acres, (60 + Sections) of mineral rights in East Central, Southern and Northern Alberta, on

proven geological trends.

Our focus has been to combine our 50 plus years of business experience and technical innovation in securing plays we believe have the greatest economic potential.

East Central Alberta:The majority of our lands are in the East Central Alberta, which is currently active with both conventional and unconventional oil drilling in for Viking, Mannville and Nisku

oil.

Provost Region: Horseshoe Lake Area: Twp 39 -41 Rge 7-8 W4M

• Horseshoe Lake consists of large block of undeveloped lands with excellent Mannville and Viking oil potential.

Gooseberry Lake: Twp 36 R Rge 6 W4M

• A seismically identified multi-zone prospect with a potential of 600,000 plus bbls from the Dina.

Others:

• Prospects in Amisk, David, Silver Heights, Battle River.

Chauvin Region: Edgerton/Ribstone: Twp 43-44 Rng 4 W4M

• Seismically identified Nisku location offsetting 2 producing wells in an active Nisku drilling area.

Consort Region: Consort: Twp 34-35 Rng 5 W4M

• 2880 acres of contiguous land in active horizontal Viking oil.

Halkirk Region: Halkirk: Twp 41-43 Rng 14-15W4M

• 4 sections on a Viking Oil trend.

Utikuma Region: Utikuma Lake: Twp 80 Rng 7 W5M

• 4480 acres offsetting significant established Gilwood and Keg River production with horizontal drilling underway to the south.

Leduc: Leduc: Twp 49 Rng 26 W4M

• Nisku development and potential for Wabamun development.

Ignite Energy and Power SearchHorseshoe Lake Mannville and Viking

HORSESHOE LAKE MANNVILLE AND VIKING



New Talisman Dina Hrz activity

10-34 Manville location licenced on 3D but never drilled

2 compelling zones in 6-36

Viking Oil DST

Harvest Pool:>1 Million Bbl Potential reserves

Talisman Lead Well (7-2)

Dina Lead well (5-12)

The Horseshoe Lake core area consists of a large land base and multiple horizons, including Mannville and Viking Resource Locations

HORSESHOE LAKE SOUTH

•Recent horizontal Dina development on offset land.

•Large block of Mannville and Viking rights.

•Lands offset Mannville pool estimated to produce 1mm bbls.

•Excellent project, for a large 3D.

Viking Play(see previous)

Dina Play Horseshoe South

Oil over Water in Dina

New Talisman hrz activity.2 long reach and 1 short reach

Harvest PoolEst. ultimate recovery1mm Bbls.

HORSESHOE LAKE SOUTH

• Cross Section from 7-2 (Talisman development) to 5-12 on Ignite/Power Search Lands.

Oil over Water in Dina

Talisman lead well Ignite lead well

Dina Play Horseshoe South

HORSESHOE LAKE NORTH MANNVILLE SEC 34

• 3 Compelling zones in this well.

• Originally a Viking Gas Producer.

• Requires additional Structure. Potential Hrz candidate in Ellerslie.

Zone 1: Glauc: Gas TSTM

Zone 2: Glauc: Water and OCM

Zone 3: Ellerslie

6-34

HORSESHOE LAKE NORTH MANNVILLE SEC 36• 2 Compelling zones in this well.• Requires additional Structure.

Zone 1: Glauc: Gas TSTM

Zone 2: Glauc: Water and OCM

6-36 10-36Potential

Loc

HORSESHOE LAKE VIKING

Based on Oilproduction

Based on Oil Production

Based on OilDST

Viking Gas Production

The Horseshoe Lake core area has the potential for a large hrz Viking development based on oil production and oil dsts.

2nd round drilling

1st round drilling

3rd round drilling

CLOSE UP HORSESHOE LAKE VIKING

Key wells with viking oil production or Tests

- Gas DST and small oilProduction

Oil Dst: 60m Oil, 123m OCM

HORSESHOE LAKE NORTH MANNVILLE

Trade 3D and 2D are available on the section 3D over each section is available for approximately $30,000. It is very high quality Location was licensed at approximately 10-34 but never drilled

3D Coverage 2D Coverage

Oil /Gas shows 3 zones

Licensed Location never drilled

Ignite/ Power Search Lands

Lead wells with oil /water 2 Mannvillezones.

Down Structure in Both Zones

Ignite Energy and Power SearchProvost Ellerslie/Dina Prospect

PROVOST ELLERSLIE/DINA PROSPECT


• Upside of >600,000 Bbls on established Dina/Ellerslie trend. Isolated highs exist along channel.

• Offsets existing 3.5mm bbl Dina pool along Mannville channel.

• Multi-zone potential, for Rex, sparky and Viking oil.

• Ready to drill prospect on recently reprocessed 2D seismic

Gooseberry Lake Dina Prospect

Horizontal Sparky Wells


Dina SS Pool3.5 million to date

Landsale: 751.00/ha


Section 16

CI=1m2D Seismic

Key Well:2-4m above O/WDst’d 18m Oil

Potential PoolUpdip from oil testand separate

Dina Subsea Depth Map

O/W contact at top

A’

A

PROVOST ELLERSLIE/DINA PROSPECT CROSS SECTION

9-16: Oil Dst

O/W

12-15: 28k Bbls

4-5m

A A’11-16: Separate O/W

11-16 has a separate O/W contact, implying the Prospect is separate from the updip pool. Even if the O/W contact is the same, the seismic indicates a large potential pool. Additional Mannville sands are also present and may be trapped over high.

O/W

PROVOST DINA PROSPECT COMPOSITE LINE THRU 9-16 SHOW WELL

N S E

New Feature

Composite Line

Dina Peak

Density Log

PROVOST DINA PROSPECT

2WS-Dina Peak Isochron

New Feature

The 2ws-Dina Peak Isochron confirms the prospect and emphasizes the potential separation from the 9-16 well

Section 16

PROVOST N-S LINE THRU 11-16

New Feature

Dina Peak

Paleo

North South11-16 Thin Oil 3-16 Wet

Possible Location

PROVOST REX PROSPECT

In addition to the Dina play, the structural closure on the new seismic also potentially traps a thick Rex sand that had a poor DST at 9-16.

Seismic StructuralClosure


Dina SS Pool

Rex Bar Trend

Primary Target Dina, Secondary Rex

Rex High Res?

PROVOST REX CROSS SECTION

DST

Ignite Energy and Power SearchRibstone/Edgerton

RIBSTONE/EDGERTON

RIBSTONE/EDGERTON

RIBSTONE/EDGERTON

Potential Nisku Hrz or Vertical location in Ribstone, seismically defined.

Potential Nisku Hrz Location in Edgerton, probably requires seismic

3 New wells licensed in Edgerton and Ribstone

Edgerton


New well Ribstone

Landsale: 410.12/ha

RIBSTONE NISKU POTENTIAL

Seismically defined location at 1-11 for either a vertical or hrz drill.

Ignite/Power Search

Talisman licence

Cum nisku production from offsetting wells 310k

Potential Nisku Hrz or Vertical location in Ribstone, seismically defined.

Over 310K bblsproduced from 2 offsetting wells as of to date.

South east quarter has been downspacedpreviously by Talisman.

3D over entire section11 exists, but has been made unavailable by Talisman.

RIBSTONE NISKU SEISMIC 2WS-NISKU

Ignite/Power Search

Nisku Producers

Vertical orHrz Location

RIBSTONE NISKU SEISMIC SPARKY AMP

Ignite/Power Search

Vertical orHrz Location

Nisku Producers

Sparky Amp with 2ws-Nisku Contours

EDGERTON NISKU POTENTIAL

• Offsets existing Hrz that has produced over 331,000 Bbls

Proposed Hrz

Existing Hrz, Cum >331K BblsProposed Hrz framed byNisku Producers

Ignite Energy and Power SearchDavid

DAVID

Multiple zones, offsetting new drilling by Conserve, Blackshire and Surge

Recompletion and downspacing potential. Eg. 02/2-34 never completed in Ellerslie

Most of the wells drilled in early 80s. 3D available to sort out complexities

DAVID


02/2-34 Glauc Prod

Bypassed Zone

DAVID CLOSE UP

Available 3D Outline:$27,000Green Wells Lloyd

Producers

PotentialLocations

80K Bbl Cum

66K Bbl Cum

48K Bbl Cum

Missing some big wells

4-35237k16-27200k

DAVID LLOYD SAND PLAYThe Lloyd sand play is a complex play with the zone alternately dominated by coal or sand.Key is to use seismic to distinguish the zones or drill updip from wet sands. If Seismic is compelling enough, a possible Hrz play to increase IPs

~48K Bbls Cum DST: Oil and Water

Potential

Loc

Ignite Energy and Power SearchConsort

CONSORT

CONSORT

New Viking Oil Hrz Play in existing Viking Gas field

Based on high oil production in existing gas wells

3.5 Contiguous Sections


New wells drilled


Green Wells Viking Producers

Successful Hrz wells seemto be drilled near VerticalWells with High Oil cut

Oil Production

First Hrz

CONSORT

Ignite Energy and Power SearchHalkirk

HALKIRK


Closest Viking Hrz Producer

Camrose Producers

Edge Related to Leduc Reef Trend?

HALKIRK

Ignite Energy and Power SearchQueenstown

QUEENSTOWN

QUEENSTOWN HRZ GLAUC PLAY

• Ignite and Power Search own a quarter section with a proven Glauconite Channel in the Queenstown area. Recoveries in the two existing wells are poor, and offset oil production is also challenged.

• Upside would be to gain control of the offsetting acreage and drill several hrz wells.

~48.8K Bbls Cum

Proposed Hrz

QUEENSTOWN HRZ GLAUC PLAY

• The Channel appears to be a shaly sand with no bottom water, ideal for a Horizontal well.

Produced 468 Bbls Oil Cum

Ignite Energy and Power SearchPeco

PECO

PECO

• Ignite holds a licence and lease along the Duvernay shale fairway, Where Petrochine, through Encana paid approximately *$10,00/per acre.

PECO DUVERNAY

Ignite Energy and Power SearchUtikuma Lake

UTIKUMA LAKE

UTIKUMA LAKE

UTIKUMA LAKE


Well Produced 644,000 bbl

Well Produced 856,000 bblWell Produced 1.7 Million bbl

Well Produced 1.1 Million bbl

Offsets 2 wells that produced over a million bbl each in the Keg River.

Multiple zones including the Keg River, and Gilwood.

Seismic Available

Close Up

Ignite Energy and Power SearchLeduc

LEDUC

LEDUC

•Ignite has acquired lands adjacent to the historic Leduc field where conventional and horizontal drilling for the Nisku is underway.

•3 new long reach HrzNisku licences within close proximity of Ignite and Power Search lands.

New Hrz Nisku licenses


Documents

Ignite Energy and Power Search Presentation 02 06.pdf · Oil over Water in Dina New Talisman hrz activity. 2 long reach and 1 short reach Harvest Pool Est. ultimate recovery 1mm Bbls