Production
Production was 700 barrels of oil per day by 2007 year-end.
Reserves
Proven and probable oil reserves confirmed as 2.020 mmboe net to the Company at 2007 year-end. The Independent Reserves Evaluator's report prepared by Sproule gave a before tax NPV10 value of $72.25 million for the company's 2P reserves; a significant increase on last year’s report of $38.85 million.