Temple Energy Inc.

Temple Energy Inc. has retained Rundle Energy Partners to sell properties in Alberta. The package includes an average 59% working interest in 13,760 gross acres of land in west-central Alberta. The properties are in the McLeod area of Townships 54 to 58 and Ranges 14 to 18W5, about 160 kilometers west of Edmonton. A majority of sections have mineral rights surface to basement or rights below the base of the Jurassic Rock Creek formation. Net average production is 115 barrels of oil equivalent per day from seven wells (six gas and one oil) from the Rock Creek, Gething, Bluesky and Glauconitic intervals with the majority operated. Total proved reserves are 343,000 barrels equivalent and probable reserves of 269,000 barrels. Multi-horizon potential exists with gas and oil targets as well as two Gething bypassed-pay drilling opportunities. Down-spacing potential exists in Rock Creek, Bluesky and Gething. Assets include seven kilometers of gas-gathering lines. The bid due date is June 17. The effective date is June 1. Contact Bevin Wirzba, 403-298-9736.