Softrock Minerals Ltd.

Geological Reports

Softrock Oil Reserves

7000 barrels as evaluated by Chapman Petroleum Engineering Ltd (C.J. Chapman) as of December 31, 2016.
Read the detailed reserve report online at www.sedar.com - search for Softrock Minerals and then under Oil and Gas Annual Disclosure.

Estimated future oil income $648,000

Alberta Properties

Spirit River
A 2.5% GORR with no deductions in one Charlie Lake oilwell on a Crown Lease held by production covering all Section 11, township 78, range 07, W6. There appears to be room to complete at least three more wells on the lease.

Grand Forks
A 3% GORR (gross overriding royalty) is held in 2 producing and one shut-in Grand Forks oil wells in the southeast quarter of section 09, township 12, range 13 west of fourth meridian.

Minhik
The company has a twenty per cent working interest, subject to its proportionate share of a 13% GORR in a one section (640 ac) Crown Lease on all rights from surface to base of Cretaceous on which it is completing an Ostracod B sand light oilwell. Most of the other upper zones in the Cretaceous appear to be gas laden, with the possibility of oil in a couple of thin sands which will be tested sometime in the future.
In addition the company has the same interest in the same section (section 35, township 44, range 04, west of fifth meridian) in a shut-in Edmonton (Horseshoe Canyon) gas well about one mile away from other producers.

Ferrier
A 47.5% working interest in one quarter section with a suspended Cardium oil and gas well in the Ferrier oil field in western Alberta.

Potash, Lithium and Diamonds
The company is in the second year of three thirteen year Alberta Metallic Industrial Permits in north and central Alberta totalling 61,600 acres shown on a regional geological map (overview map) and by opening the Permit Map on the website put out by the Alberta Department of Energy for Metallic Industrial Permits here (maps are available in PDF and an interactive format).

Saskatchewan Properties

Two Sparky heavy oilwells on two quarter sections in which the company has a forty percent working interestin the Manitou Lake area of northwest Saskatchewan have been suspended due to high water cuts. Studies are being done to see if recompletions should be tried or extensive pump tests carried out to see if there is a rate of withdrawal which will maximize oil recovery.

Income

Year
Gross Income

Operating Costs

Net Income
2015
$63,360 
$70,844
$(7,484)
2014
$26,672 
$78,523
$(51,851)
2013
$159,853 
$77,271
$82,582
2012
$29,001
$46,100
$(17,099)
2011
$32,609
$41,136
$(8,527)
2010
$28,847
$51,653
($22,806)
2009
$36,141
$90,727
($54,586)
2008
$67,887
$54,371
$13,516
2007
$42,153
$83,312
($39,159)
2006
$74,416
$83,159
($8,743)
2005
$46,684
$14,788
$31,896
2004
$40,555
$7,234
$33,321
2003
$29,528
$7,145
$22,383
2002
$40,661
$11,362
$29,299
2001
$61,184
$17,137
$44,047
2000
$101,424
$14,941
$86,483
1999
$45,504
$12,763
$32,741
1998
$63,931
$26,691
$37,240
1997
$92,742
$27,878
$64,864
1996
$84,422
$21,329
$63,093
1995
$97,498
$43,085
$54,413
1994
$121,940
$65,093
$56,847

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