Geological Reports

Softrock Oil Reserves - as stated December 31, 2010 available on SEDAR.

Alberta Properties

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.

Potash and Lithium
The company is in the third year of 22,000 ac Permit and in the first year of 184,000 ac of Permits all in Northern Alberta.

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