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British Columbia
North East British Columbia
Desan
The Desan property is located 75 miles northeast of Fort Nelson, British Columbia in the gas producing greater Sierra area. The primary producing zone is the Jean Marie formation. This regional carbonate tends to produce sweet dry gas with good initial production and a long life of slow decline ideally suited to predictable cash flow.
The average production for December 2008 from this area was 3.7 mmcf/d natural gas and 23 bbl/d of crude oil and NGL from a total of 27 wells, and the property has been assigned total proved plus probable reserves of 15.7 Bcf of natural gas and 62.6 mbbl of NGL as of December 31, 2008. Enterra has acquired 45 square kilometres (17 square miles) of 3D seismic and 61 kilometres (38 miles) of trade 2D seismic. Based upon technical assessment of the seismic, six locations in the Jean Marie and three locations in the Debolt formation are at a drill ready stage.
Enterra also has undeveloped properties at Peggo. Generally, this remote area of Desan and Peggo requires reasonably high natural gas prices for full-cycle prospect development. The Trust varies its investment plan in accordance with price expectations.