Alaska

Bow Valley’s current U.S. prospect portfolio includes approximately 300,000 gross acres, supported by 2D and 3D seismic, in a proven light oil basin where numerous major oil discoveries have been made.

Tofkat

• 20.00% working interest
• Tofkat #1 well drilled in March 2008 penetrated several zones with hydrocarbon indications and discovered an oil bearing sandstone reservoir in the primary target, the Kuparak formation. Subsequent log analysis and testing confirmed an interval of 10 feet of gross pay, 6 feet of net pay, comparable to the Nanuq field.
• Two sidetrack appraisal wells were drilled, which established the edge of the reservoir.

Northshore

• 20.00% working interest
• Northshore #1 exploration well drilled winter 2007 encountered 70 feet, well-developed, net oil pay in the Ivishak formation
• Ivishak formation completed and tested in winter 2008 flowed at a final stabilized rate of 2,092 boepd
• Potential oil-charged pay in the uphole Sag River formation awaiting completion