ProEx Energy Ltd. (ProEx) is engaged in the exploration, development and production of petroleum and natural gas in British Columbia. On April 2, 2007, ProEx acquired certain interests in northeast British Columbia Foothills assets previously acquired by Progress. On November 30, 2007, ProEx and Progress jointly acquired certain assets in the Foothills region of British Columbia. During the year ended December 31, 2007, the Company drilled 70 wells (45.5 net). During the year ended December 31, 2007, the Company increased its undeveloped land position in northeast British Columbia. Total undeveloped land under control was 433,000 acres at December 31, 2007. In 2007 the total average production was 8,509 barrel of oil equivalent per day.(Source: 10-K)
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