Compton engages in oil and gas exploration and development in the Western Canada Sedimentary Basin of Alberta, Canada.  Our focus is on the Deep Basin portion of the Basin, which extends from Northwest Alberta and British Columbia to the United States border.  In this large geographical region, we pursue two types of resource plays.  A shallow gas resource play, targeting the Plains Belly River and overlying Edmonton Horseshoe Canyon zones, and the three deep gas plays that include the Basal Quartz sands at Hooker, the Gething/Rock Creek sands at Niton and Caroline in central Alberta, and the Foothills stacked, thrusted Upper Cretaceous Belly River play at Callum in the south.

 

The Company had a successful drilling program in 2007, with progress made on all of our resource plays. We drilled 322 wells with a 97% success rate. We completed our drilling program, resulting in 22 mmboe P+P of reserves added. In 2008, we plan to drill 350 wells, continuing to focus on maximizing production and reserve growth in all core areas.