|
|
|
|
 |
|
|
|
If you would like to learn more about the Standard Resources Fund, please complete this form and a representative will contact you.
|
|
|
|
|
 |
|
|
|
|
|
 |
|
|
|
The Standard Resources Fund distributes cash flow on a quarterly basis. The following schedule outlines the amount per unit
and the percentage of investment dollar in the 2010 fiscal year (rounded to nearest penny):
|
|
|
|
Date |
|
Per Unit ($) |
|
Return |
|
|
|
2010-03-31 |
|
$0.13 |
|
2.58% |
|
|
|
2010-06-30 |
|
$0.15 |
|
3.00% |
|
|
|
2010-09-30 |
|
$0.00 |
|
0.00% |
|
|
|
2010-12-31 |
|
$0.34 |
|
5.90% |
|
|
|
2011-03-31 |
|
$0.09 |
|
1.50% |
|
|
|
CTD Totals |
|
$0.71 |
|
12.98% |
|
|
|
|
|
|
|
|
|
 |
|
|
|
Exempt Analysis Inc. (website) has conducted a third-party independent research report on the investment feasibility of the Standard Resources Fund. To review this research report, please click on the PDF Icon provided below:
|
|
 |
|
Research Report - October 7, 2010 |
|
|
|
|
|
|
|
 |
|
|
|
Follow us on Twitter or join our Facebook page.
|
|
 |
 |
|
|
|
|
|
|
|
|
|
|
 |
|
The Standard Resources Fund has a specific investment mandate that is used to meet the required objectives of both the Trustee and the unit holders. The primary portfolio objectives can best be summarized with the following four (4) points:
MANDATE. To acquire oil and gas related assets located and operated in Western Canada.
WHEELHOUSE. To invest in tranches not less than $2.5 MM CDN
RUNNING ROOM. Exploit un-booked upside through focused development and engineering
CRYSTALIZE & MONETIZE. Strategically divest the assets for cash and/or shares in order to maximize unit holder value.
|
|
 |
|
The Fund currently owns 24,595,000 class 'A' common shares of Northern Patriot Oil & Gas Ltd. ("Northern"). Northern is a privately held, oil and gas company focused on exploring for and developing its light oil assets. Additional information on Northern can be found at www.northernpatriot.com and in the secure area for unit holders. If you cannot access to this secure area, please contact Jeremy Cheyne at 403-984-2470. The Fund intends to divest of this equity position through strategic block trades within the next twelve (12) months.
The Fund formerly owned a 100% working interest in the Niton 'W' Pool located in Central Alberta. This pool was sold to Northern Patriot Oil & Gas Ltd. for an effective price of $29,000,000 on May 20, 2011. This working interest included ownership in the four (4) producing wellbores, the four (4) water injectors, the pipeline infrastructure, and the central facility.
This resource play provided the Fund with 400 barrels per day of production from the Rock Creek formation. The producing assets are on a contiguous block of 3.75 sections of land and the Fund holds an additional 7 sections of undeveloped acreage that has future un-booked upside potential.
The Niton 'W' Pool was purchased from Standard Resources Inc. via Crocotta Energy Inc. and has provided substantial monthly cash flows ever since. With almost 500,000 BOE of reserves booked, the Fund considered this property to be of high strategic value.
|
|
 |
|
|
|
|
|
|
|
|
|
|
