Corporate Summary
North Peace Energy has an in situ oil sands project in northern Alberta with 86,400 acres of nearly contiguous leases bridging the Peace River and Athabasca oil sands areas. The Company is advancing the development of its resource by using a robust and proven in-situ recovery method, Cyclic Steam Stimulation (CSS). A pilot project consisting initially of two horizontal CSS capable wells (with the potential to increase to three wells) has been engineered with pilot construction scheduled during summer 2008 followed by first steam and oil production during winter 2008/09. With no debt and a clean balance sheet, the Company has positioned itself for significant growth.
North Peace began trading on the TSX Venture Exchange in February 2007 under the symbol "NPE"