Nanton, January 16, 2018 - Cerus Energy Group Ltd. - The Company's and Vital Energy are in the final stages of frac fluid pump off and stabilization of 101/14-15-18-17W3. Once a stabilized fluid rate is achieved the operator and Cerus will provide a joint news release announcing production results. Cerus and Vital will perform a program and geological review to assess the mechanical efficiencies and performance vs. theoretical modeling.
The company has authorized a third party to drill a second location NW uptrend to provide formation verification. The new well has been spudded, Cerus is carefully assessing the available information from this program.
Cerus funded the program through the Lomac Syndicate Program to a non-arm's length financier. The financier will retain 160% of the total 180% Penalty Payout on the Pennant, Saskatchewan Play. The tailing 20% and 5% GORR with be retained by Cerus as an earned margin and retained royalty.
Update Cut Off - January 15th, 2017
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Objective
The objective of Cerus Energy Group (TSXV:CEA) is to build a premier energy portfolio of development interest through its proprietary CWI (Carried Working Interest) capitalization structure.
Strategy/Investment process
Cerus uses a formal Development Finance Program (or DFP) structure to enhance the management and placement of investment capital. Our Finance Program is suitable for long and short-term capital projects with the capability of retained expansion through the provision of rolling development options. The DFP both uses and optimizes a series of revenue sharing mechanisms to recover investment capital and associated fees from inner corporate investments.
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Period of Performance
