Oil & Natural Gas

Claude produces crude oil, natural gas and natural gas liquids (NGLs) from properties in Alberta and Saskatchewan.

The Company has various non-operated working interests in oil, NGLs and natural gas in Alberta. At Q2 2007, the Alberta properties provided 90% of the total production for oil and ngls and 100% of the production of natural gas. The Nipisi Unit is a 173 well unitized oil field operated by Canadian Natural Resources Ltd. The Edson Gas Unit has 61 producing gas wells and an associated gas plant, all operated by Talisman Energy. In addition to these properties, the Company has interests in producing oil and gas wells at a number of other Alberta locations.

In Saskatchewan, the Company has a 75% working interest in six producing vertical oil wells along with a 33.75% interest in four producing horizontal wells.

Oil and ngls sales volume for the first six months of 2007 was 32,100 barrels, 3% lower than the 33,000 barrels sold in the same period of 2006.   2007 year to date natural gas sales volumes increased 1% to 301 MMCF from 298 MMCF for the same period in 2006. 

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