Long-life natural gas wells providing steady cash flow

Overview

In July 2011 Canuc completed the acquisition of MidTex. MidTex holds a 100% working interest in natural gas wells on the 320 hectare Coody Morales lease and a 20% working interest in natural gas wells on the 2,000 hectare Thompson lease in Stephens County, Texas.

• Natural gas pipelines run directly to the properties
• Wells show long-life projections and slow decline rates
• Wells have multiple further productive horizons, up-well and behind pipe
• Both leases have room to support further wells

Coody Morales lease

The Coody Morales Tract 3 lease covers 320 hectares and can accommodate an additional 3 to 4 wells, which may intersect 2 or 3 known productive natural gas horizons. A gas pipeline bisects the property, making the gas immediately saleable.