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Chime

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The Chime property is located in northwestern Alberta, approximately 110 kilometres south of Grande Prairie.  Access to this property was acquired through a farm-in arrangement in late 2002.  In 2007, Cinch participated in 2 gross (0.78 net) exploratory wells on the Chime block. Both wells were cased as potential gas wells. There are two wells scheduled to be drilled on the Chime property in 2008.

The Chime property consists of 10,240 gross (5,701 net) acres of developed land and 51,200 gross (15,429 net) acres of undeveloped land and Cinch is the operator of most of these lands.

The Chime property for the year ended December 31, 2007 accounted for approximately 23% of Cinch’s total production.

 

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