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CORPORATE STRATEGY

A series of unanticipated events and consequences have given rise to a perfect storm for drilling. Commodity prices and highly debt leveraged companies were supposed to create unprecedented fire sale acquisition opportunities. These bargain basement prices have not materialized as a result of the creditors inability to come to grips with the degree of debt/value ratios and the uncertainties associated with the Alberta Government's revamped LLR/LMR legislation. What is certain and quantifiable is the 40% - 50% reduction in drilling and equipping costs of new wells and services over the past 24 months. These reductions, in combination with drastically reduced 3D seismic acquisition costs, have created an ideal scenario to drill for conventional light oil.

How Do We Source Conventional Light Oil? What’s Old is New Again. With few exceptions, the only source of significant conventional light oil reserves reside in the Devonian carbonate systems of Alberta. Conveniently, the noted few exceptions exist in horizons overlaying the Devonian and are easily evaluated as secondary targets while drilling through them. All horizons in High Point's area of focus are proven, high volume light oil producers. These vertically drilled wells require no fracking with risk capital seldom exceeding $450K and successful wells on production for between $800K - $900K. Because of initial production rates ranging from 100 BOPD - 300 BOPD, payout is achieved in months, not years.

CORPORATE HISTORY

High Point Oil Inc. (High Point) was incorporated in April of 2017 and acquired its first oil and gas property in that month. In May and June of 2017 it raised $862 thousand in private equity financing and acquired the majority of its 3D seismic data base. In July it moved into its current office premises and began the process of interpretation of its seismic data and acquiring more land. This process continued through the summer and fall of 2017. High Point raised an additional $662,000 in private equity financing in November and December of 2017 allowing it to continue this process and to acquire more data. On February 12, 2018 it was announced that all of the shares of High Point had been acquired by Bird River Resources Inc. This transaction has provided High Point with the resources to complete its spring drilling program and to initiate a process to incorporate blockchain driven technologies into its activities. 


 

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INVESTORS

MARCH 2018

  • Established new drilling locations, bringing the total to 18 with more expected as interpretation progresses
  • Acquired new mineral leases pertaining to newly identified opportunities
  • Inaugural drilling program anticipated to launch early to mid March
  • Evaluation work continues on complementary production opportunities

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October 2017

  • Completed second tranche 3D seismic, interpretation underway
  • Acquired additional Nisku drilling program leases
  • Identified 11 seismic drilling opportunities
  • Initiated development of complementary production acquisition

 

 


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August 2017

  • Began establishment of additional drilling locations
  • Acquired land for two prospects with more negotiations in progress
  • Initial review of shallow up-hole horizons exceed expectations in terms of both drilling target quantity and quality.

 

 



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OFFICERS & DIRECTORS

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Tyron P. Pfeifer
Chief Executive Officer and Director

Mr. Pfeifer started his career in the field as a well logger. He has steadily worked through the full range of exploration and production activities of the oil and gas industry across western Canada as well as internationally. He has spent the majority of his career at the executive and directorship level in private and public companies.  He has focused on increasing production through the use of appropriate technologies and on the development of high impact drilling locations.  He is an affiliate of the Canadian Society of Petroleum Geologists, the American Association of Petroleum Geologists, and the Society of Professional Well Log Analysts. Mr. Pfeifer holds a B.Sc. from the University of Saskatchewan.

W. Howard Blacker
Chief financial Officer and Director

Mr. Blacker is a Chartered Professional Accountant and a Chartered Accountant.  He articled with Coopers and Lybrand where he practised until 1990, working in the firm’s audit, tax and insolvency divisions.  He left public practise in 1990 to join a geological and geophysical consulting firm as Chief Financial Officer and Director.  Since then, he has been the Chief Financial Officer and or Director of a number of public and private firms, primarily in the energy sector.  He has focused his career on financial control, management and corporate governance.  Mr. Blacker holds a B.Comm. from the University of Calgary.

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DONAL V. CARROLL
DIRECTOR

Mr. Carroll has 15 years of corporate finance leadership and public company experience as well as deep expertise in syndicate investing both in equity and debt securities. With a balance of prudent financing practices and unique insights, he has successfully guided companies for expansion and growth. Throughout his tenure with Danaher (DHR:NYSE), Alberto Culver (ACV:NYSE) – now Unilever (UL:NYSE) and Cardinal Meats, he was instrumental in major restructuring activities, mergers and acquisitions and the implementations of new internal controls and ERP systems resulting in significant efficiencies through periods of substantial change and strong company growth. Mr. Carroll holds a CPA-CMA designation as well as a B.Comm from University College Dublin.

MANAGERS

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Douglas R. Fowler
Operations Manager

Mr. Fowler is a Professional Engineer with 36 years of experience in the Oil and Gas industry. He has specialized in Drilling, completions, and production operations at companies ranging from start-ups to multinationals. His experience includes direct involvement in field and office operations in conventional, non-conventional, frontier and offshore development. Mr. Fowler holds a B.Eng. from Memorial University of Newfoundland and is registered with APEGA.

 

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Rich Boswell
Land Consultant

Mr. Boswell has 29 years of oil and gas land experience with a particular emphasis on freehold lands. He has served as an Officer and Director for numerous private and public oil and gas companies. Since 2007, he has served as President and Director of Kierland Resources Ltd. Mr. Boswell holds a B.Comm. from the University of Calgary.

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CONTACT

Office
430 Millenium Tower
440 2 Avenue SW
Calgary, Alberta, Canada  T2P 5E9

Ty Pfeifer, Director & CEO
ty@highpointoil.net
+1 403.614.9902

Howard Blacker, Director & CFO
howard@highpointoil.net
+1 587.896.7020

Emergency Response Line
+1 855.661.2393