Edmonton
Alberta, Canada
Thorsby
| 1,825 | Boe/d average for Feb 2022 |
| 100% | Working interest |
| 98 / 24 | Net identified / net booked locations |
| 7.6 | MMboe (59% oil) 1P reserves |
| 10.4 | MMboe (58% oil) 2P reserves |
Thorsby provides a consolidated land base of ~98 net sections that will be efficiently developed through a network of multi-well pads. The Thorsby asset has year-round access and Blackspur has drilled 15 wells to date in the Sparky Formation.
Blackspur has spent over C$5 million building infrastructure in the Thorsby area and has existing oil processing capacity of 3,000 bbl/d oil.
Thorsby has a large inventory of wells to drill with 89 Sparky Formation and 12 Nisku Formation wells identified, which includes 24 Sparky PUD locations. Additionally, upside exists in 66 net sections of Duvernay Formation lands that are included in the merger.
2021 Reserves
| PDP | 2,300 mboe |
| Proved Undeveloped | 5,300 mboe |
| Total Proved | 7,600 mboe |
| Total Provded + Probable | 10,400 mboe |
