Western Petroleum Management personnel has conducted property due diligence for a number of clients over the years, including small to mid size oil and gas producing properties, properties with high liability and environmental issues and older more mature fields with high water cuts and low uneconomical production.

The oil and gas industry in western Canada has some excellent opportunities for companies that have access to capital and the ability to think long term (3 to 5 years), especially with regards to gas production. The natural gas industry is in a state of flux due to the relative low price and projections that demand in the North American gas market and that it may not be strong this coming winter. Gas storage is at a five year high and this has also dramatically affected prices over the last number of months. With lower gas prices and the negative projection for 2008, we have seen a substantial reduction in the number of gas wells being drilled and completed. Due to this reduced activity, the potential to acquire development gas properties at substantial lower values than in previous years has greatly improved. Along with this reduced activity, the cost to drill, complete and service wells have dropped by 25 to 30%.

In this current environment a company could capitalize on both a property purchase(s) and the utilization of services and equipment to increase proven reserves at a much lower cost than was possible during the last few years.

Western Petroleum Managements team has the experience and ability to help you with this process: from identifying opportunities, conducting due diligence, negotiating purchase agreements, managing title transfer, implementing a sound economic plan and managing operations plus growing production volumes and reserves.

WPM would be pleased to have the opportunity to submit a presentation to any potential client who may be planning to enter the Canadian upstream sector of the oil and gas market. The WPM team of professionals can show you, the client, the benefits of exploring for oil and gas opportunities in western Canada and, with both parties working together, construct a business model that would be beneficial to each company.