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We continue to be adaptive and opportunity driven. We
started in heavy oil with its low exploration and development costs
and high success rates, and from there have built a traditional
exploration and production company with a balance of commodities –
heavy oil, light/medium oil and natural gas. Our opportunities arise
through the drill bit or through acquisitions. We have capitalized
on this by completing one large asset and two corporate acquisitions
in the past three years.
We control our own destiny. We operate approximately 90%
of our production. This provides GEOCAN with strong control over
exploration and production priorities and the flexibility to move
quickly to access services. From our beginnings in the Lloydminster
region of Alberta and Saskatchewan, we now have land and
opportunities in northeast British Columbia, the Peace River Arch
area, west central and central Alberta, Saskatchewan and
east-central Alberta. Our large portfolio of undeveloped land
provides us an array of high quality drilling assets for future
growth.
Our history. The GEOCAN story is a growing and evolving
one In nine short years, we have grown from a junior capital pool
with $200,000 of seed capital to Canada’s fifth largest publicly
held junior oil and gas producer among a list of 50 companies with
production between 500 and 5,000 boepd. Our enterprise value at year
end was over $145 million and we have a shareholder base of
approximately 5,000 shareholders.
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