Conventional Energy refers to the traditional fossil-based fuels, such as oil, coal, natural gas and their derivates, for which large-scale mechanism for exploration, conversion and distribution exist.

Petromin owns interest in five oil and gas properties in central Alberta situated along the Western Canada Sedimentary Basin – the most productive hydrocarbon area in Canada. In 2003, the Western Sedimentary Basin accounted for about 87 percent of Canada's crude oil and 97 percent of natural gas production. In total the Company's combined net production rate is at 250 barrels of oil per day.

Frog Lake

The Company has recently completed its third oil well at its' Frog Lake heavy oil project, increasing gross production to approximately 300 barrels of oil per day. The Company retains various...

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Calmar

The Company entered into a farm-out agreement in which the Company retains a 20% of wellhead revenues on the earning well plus a 15% royalty on 80% of wellhead revenue...

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Gilby

The Company's Gilby property in Alberta, which produces natural gas from the multi-zone gas discovery in the 11-35-39-28 W4M well, reached payout and the Company converted...

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Morningside
A second well located in the Morningside are of Alberta was drilled and completed at no cost to the Company. The 13-23-42-28 W4M well is a dual zone gas discovery producing at...

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