Got Gas? Redcliffe is Producing 4,100 Mmcf/d

Redcliffe is currently producing approximately 4,100 mcfpd and 190 bopd (880 boepd). Near term non-operated compressor and facility construction in the Peace River Arch area during early February is anticipated to add an additional 300 to 400 boepd from existing completed wells. Additional production volumes are anticipated from wells currently in the completion planning process in the Wapiti and Elmworth areas during the first quarter. Redcliffe anticipates announcing its drilling and capital program for 2008 at the end of February once these production and facility operations are completed.