InPlay’s Cardium assets are located in West Central Alberta focused in the Pembina and Willesden Green pools. These pools have large oil in place reserves and even though they have been extensively developed over many years through vertical drilling and waterflooding there are still large reserves of unrecovered oil.
Continued technological innovation has rejuvenated these pools with the drilling of horizontal multi-frac wells enabling the recovery of oil that would otherwise not be recovered through vertical wells. Increasing InPlay’s production and reserves through drilling of horizontal wells is backstopped by vintage production which is supported by long-term waterfloods providing for a stable base of low decline production on which to grow our Company.
At year end 2016 Cardium accounted for 70% of the Company’s production.