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LOW-RISK OIL AND NATURAL GAS DRILLING OPPORTUNITIES
Our producing base
and extensive landholdings (212,000 net acres) in Alberta and Saskatchewan provide many years of potential low-risk exploitation and development drilling opportunities to grow Action's production and cash flow in the short term. |
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RESOURCE STYLE
DEVELOPMENT PLAYS
Action's properties include opportunities to add long-life reserves at low risk and low cost through repeatable "resource-style" plays. Action has budgeted to drill 14 net wells in 2008. Cash flow from low-risk exploitation helps to fund our high-impact exploration. |
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STRONG COMMITMENT TO EXPLORATION GROWTH
Action Energy has numerous exploration prospect areas with exposure to light oil, heavy oil and natural gas. The prospects range from lower rate, repeatable projects to higher risk, higher reward exploration blocks with large, high working interest land positions. Action has budgeted to spend $21.6 million on drilling and other capital activities in 2008. |
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