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Berkley Resources is a diversified resource and development company based in Calgary, Alberta. The company has:
- more than 40 oil and gas wells on five properties
- an aggressive expansion strategy
- 2006 oil and gas revenues of C$1.56 million
- proven reserves of 258,000 BOE
A new approach to growth
- Develop new fields through the drillbit primarily at Senex and Crossfield.
- Mitigate risk to core assets through joint ventures (ideally 20% - 35% interest).
Berkley's typical joint venture profile includes:
- Ownership of at least 15% of each project;
- Favorable risk/reward ratios;
- Working with experienced operators who have their own cash invested.
- Use our strong industry contacts to acquire new projects in Alberta.
The Company priorities are to quadruple our boe day production, mostly through the Senex wells, and we're preparing to drill at Crossfield, a target with strong potential for spectacular natural gas output. We're also continuing to explore new opportunities in Western Canada.
Well-positioned to meet the needs of a demanding market
Berkley Resources is set for a bright future. An increasing number of buyers are bidding for a decreasing amount of oil and gas in the world. Canada remains the largest supplier of oil to the United States. With the country's favourable location and political stability, our southern neighbours will look north even more for their oil and gas needs.
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