Berkley operates in the oil rich Canadian provinces of Alberta and Saskatchewan. Alberta alone is the world's 2nd largest exporter of natural gas and the 4th largest producer. The province also produces over 1.8 million barrels of oil daily, with much of it being exported to the United States. Stable oil friendly government, solid infrastructure and low taxes in Alberta and Saskatchewan provide Berkley with the ideal climate to grow.
Berkley has:
- An interest in more than 40 oil and gas wells on five properties
- an aggressive expansion strategy
- Over 100 years combined management experience
- Produced a steady income over the last 4 years
- Proven reserves of approximately 250,000 BOE (51-101 compliant)
A new approach to growth
- Developing new fields through the drill and strategic partnership
- Mitigating risk by restricting the company's involvement in new projects through joint venture.
Berkley's typical joint venture profile includes:
- Target Ownership of 25% per project;
- Favorable risk/reward ratios;
- Working with experienced operators who have their own cash invested.
- Use our strong industry contacts to acquire participation in new projects.
The Company's priorities are to expand our BOE per day production; 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.