Alexander Energy Ltd. is a Calgary- based crude oil and natural gas exploration and production company with producing properties in Alberta, Canada.
Alexander Energy operates two core properties: Alexander/Qui Barre and Goose River. The Company's remaining production comes from minor working interests and royalty properties.
- Alexander’s December, 2012 production averaged 929 barrels of oil equivalent per day (48 % oil), an increase of 263 barrels of oil equivalent per day or 30% over average third-quarter 2012 production.
- The Company had an 8% increase in the value of proved plus probable reserves (NPV 10%) to $35.5 million notwithstanding the lower price deck of forecast commodity prices. The Company replaced 169% of 2012 production on a proved plus probable basis.
- In Q4 2012 and Q1 2013 the Company drilled and cased three Detrital sand oil wells on its Alexander property at an average working interest of 89%
LETTER FROM THE CHAIRMAN