Buzzard Property

Introduction

Trincan Capital Corp. (Trincan) has varying working interests (25% - 50%) in 640 acres of land in the Buzzard area of western Saskatchewan, approximately 40 kms south of Lloydminster. This property was acquired in May of 2010 and Trincan's wells of interest consist of 9 producing oil wells. This property produces heavy oil (12-16 degree API) from the Lloydminster, Sparky, and GP formations.

Current net production is 10 bopd.

Reserves
Trincan's share of reserves (before royalty) as of December 31st, 2013 is summarized as follows:

Proved Developed
Producing 10,100 Bbls
Non-Producing 0 Bbls
Total Proved 10,100 Bbls
Probable 69,000 Bbls
Total 79,100 Bbls

*Probable reserves contain 5,000 equivalent of gas reserves or 29.7 MMcf