Robert Spitzer - Horn River Devonian Shale Gas Discoveries in NE British Columbia

Exploration Examples

Ladyfern Gas Field

• Conventional 600 B CF Gas Discovery in 2000
• On platform in Upper Devonian Slave Point Formation (carbonate)

Horn River Gas Field

• Unconventional (≈60 T CF) Gas Discovery in 2004
•  In Devonian-Carboniferous Besa River Formation

Liard Gas Field

• Unconventional (≈ 100 T CF) Gas Discovery in 2009
• In Devonian-Carboniferous Besa River Formation (but younger section than at Horn River)

Summary of Learnings/Validation

• Early is better.
• Resilience – significant failure can lead to more significant success.
• Move quickly.
• Understanding your competition – the herd mentality.
• Social license is critical! Listening, seeking creative solutions and acting early are essential.
• Solid exploration proposals combined with company commitment are optimal.
• It all comes down to excellent people... always!