2009-08-11-2007-12-01-2007-12-01

Bought 50% WI, gaining 100% total interest in 7,352 net acres of undeveloped land, facilities. Production 220 BO/d. 2P 388,000 BO.

Great Plains Exploration Inc., Calgary, (Toronto: GPX) has closed its acquisition of light oil assets at Randell, Alberta, from an undisclosed seller for C$8.25 million. The assets include approximately 50% working interest in a property Great Plains operates and holds the remaining working interest, and 7,352 net acres of undeveloped land plus recently upgraded facilities. Production is approximately 220 barrels of oil per day. Proved plus probable reserves are 388,000 barrels of oil. Great Plains chief executive Stephen Gibson says, "We are pleased to be increasing the volume of assets under our control as operator and expect more benefits to come from Randell as efficiencies are being achieved in operating costs…Our technical team has extensive experience in pursuing light-oil prospects at Randell and we are looking forward to an active winter drilling season, which will complement our high-impact exploration prospects in Pembina and Crossfire." The effective date is Nov. 1.