Why BMX?

Large OOIP/OGIP Resource Play Strategy


Bellamont Exploration Ltd. (TSXV: BMX.A) is a publicly traded junior energy company with properties centered in the Peace River Arch area of Alberta and Northeast British Columbia. Our strategy is to combine organic growth with strategic acquisitions, based on the principle of identifying large oil/gas in place reservoirs which can be developed via horizontal drilling and mutil-stage fracture stimulation.

Bellamont's primary growth properties are its Montney oil pools in the Grimshaw and Grande Prairie areas in Alberta. In addition, Bellamont has recently expanded into British Columbia, building a land position of 54 sections (43 net) targeting oil in the Baldonnel formation and liquids rich natural gas in the Montney formation. Bellamont maintains high working interests and operatorship of its key properties.

Capital Efficiencies


Over its five year history, the Company's technically focused management team has built a high quality reserve, production and cash flow base with excellent capital efficiencies. The Company has a 3 year track record with FD&A costs less than $15/boe, while enjoying a current operating netback of approximately $30/boe.

The Strategy at Work - Grimshaw Area Montney Oil Pool Discovery


At Grimshaw, Bellamont discovered a 30°API oil pool in 2007 via a vertical well targeting a 14 metre Montney sand interval at the relatively shallow depth of 900 metres. Bellamont has now assembled 16 contiguous sections of land in a thick Montney sand fairway and successfully drilled 10 horizontal wells, completed with multi-staged fracture stimulations. The average horizontal well has had an initial (i.e. 30 day) production rate of over 100 Bbl/d. Based on three dimensional seismic and existing well control, Bellamont has identified 15 (14.25 net) additional firm horizontal drilling locations and up to another 46 (36 net) contingent locations. Furthermore, the Montney formation in this area has the potential for water flood development, which could significantly increase the pool's ultimate recovery factor. The Grimshaw area is just one example of the Bellamont strategy at work.