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Canadian Spirit Resources Inc.
Building Shareholder Value in British Columbia
| George W. Watson | Page 12 of 11 |
May 23, 2013
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MONTNEY PROJECT c-A48-I RESULTS Successful first horizontal well c-A48-I drilled and completed in lower Montney in July 2010 3.5 mmcf/d IP and stabilized rate of 2.0 mmcf/d over 7 days from two stages significantly exceeded CSRI’s expectations Preliminary results from c-A48-I horizontal well demonstrated potential viability of lower Montney Operational issues prevented flowback from first three stages Compares favourably with Talisman’s upper Montney results of 400-600 mcf/d per stage over 30 days