CALGARY, ALBERTA — (Marketwire) — 01/13/12 — Pursuant to a prospectus dated August 16, 2011, Maple Leaf 2011 Energy Income Limited Partnership (the “Partnership”) had an initial closing on August 25, 2011, a second closing on September 28, 2011 and a third and final closing on October 28, 2011. A total of 177,136 units were issued for gross proceeds of $17,713,600.
To date the Partnership has invested $9,716,714 into a Joint Venture targeting oil and liquids rich gas from seven horizontal wells in North Central Alberta. Six of the seven wells are targeting light oil in the Cardium formation and one well is targeting liquids rich gas in the Notikewin formation.
To date, six of the seven wells have been successfully drilled. Five of those six drilled wells are tied-in and are currently meeting production expectations. Revenue from the first two producing wells is expected to commence in late January 2012. The seventh well in the program is currently being drilled and is anticipated to be completed and tied-in early in the first quarter of 2012.
The balance of the available funds have been committed to the same operator under similar joint venture terms and conditions targeting the same pools of oil and liquids rich natural gas and are anticipated to be drawn down in the first quarter of 2012 subject to completion of due diligence and finalization of joint venture terms on a well by well basis.
Partnership Objectives.
The Partnership was created to provide limited partners with an investment in a pool of professionally selected, non-operated, direct working interests and similar interests in oil and gas production and/or production revenue on properties considered prospective for oil and natural gas development and to participate in the development of the properties in order to generate:
Investment Management Team.
Located in Calgary, Alberta, the Partnership–s investment management team is led by Joseph Durante and Glen Tanaka at Toscana Energy Corporation (“Toscana”). Combined, the members of Toscana–s management team have over 100 years of experience successfully investing in oil and gas.
The information provided is strictly for information purposes only and shall not constitute an offer to sell or an advertisement, solicitation or recommendation of any offer to buy securities. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Contacts:
Maple Leaf 2011 Energy Income Limited Partnership
Shane Doyle
President
604.684.5750 or Toll Free: 866.688.5750
604.684.5748 (FAX)