Birchcliff Energy Ltd.

Birchcliff Energy Ltd. has retained Scotia Waterous to sell two properties in northwestern Alberta.

The package include 92% average working interest in 501,000 net acres undeveloped land in large contiguous blocks in the Montney/Doig gas play at Pouce Coupe. The assets feature 91% working interest in 177,920 net acres of Montney rights on the Middle/Lower Montney 92% working interest in 124,493 net acres of Charlie Lake rights on the Worsley light oil play, 99% working interest in 124,800 net acres on the Duvernay play, 85% working interest in 393,644 net acres on the Nordegg play and 98% working interest in 417,304 net acres on the Banff/Exshaw play.

Production is 19,250 barrels of oil equivalent per day (76% gas). Proved and probable reserves as of June 30 were 229.4 million barrels equivalent.

Upside includes more than 1,900 net drilling locations, with 84% of the locations having not yet been assigned 2P reserves. Also, the upside potential includes multiple uphole zones.

The company also owns and operates the PCS gas plant. Capacity at the plant is currently being doubled to 120 million cubic feet of gas per day.

Contact Adam Waterous, 403-261-4240, adam_waterous@scotiawaterous.com.