Bellatrix has established a large concentrated land base in west central Alberta, Canada. The Company maintains a large inventory of high impact liquids rich natural gas drilling locations in the Spirit River formation and higher liquids weighted opportunities in the Cardium formation that provide a balanced opportunity set of both natural gas and oil weighted investment opportunities. Bellatrix’s strategy is to control regional facilities and infrastructure in our core areas providing low cost operations and availability of processing capacity for future growth.
The Spirit River formation contains broad, thick, extensive sand rich valleys in the Notikewin, Falher and Wilrich members. Bellatrix has several years history of successful exploitation in all three members of the Spirit River formation which is targeted for liquids rich natural gas. Bellatrix controls over 150 net sections of land in its core west central area prospective for the Spirit River with an estimated future drilling inventory of over 390 net wells.
The Cardium resource play is the largest accumulation of light oil in the Western Canadian Sedimentary Basin developed to date spanning approximately 20,000 square miles with over 1.9 billion barrels produced to date. Bellatrix controls one of the largest positions across the Cardium trend with nearly 240 net future drilling locations.
Please review Bellatrix's most recent corporate presentation for more information.