|Golden Cariboo Resources Ltd. is a diversified resource company with participating interests in advanced oil and gas exploration projects, and an interest in the Cariboo Gold Project. In 2005, Golden Cariboo successfully raised over C$2.6 million through equity financings.
The Bottrel Project, near Calgary, Alberta, consists of lands held by one of North America's leading oil and gas companies. Golden Cariboo has the right to earn-in to as many as 96 sections of land under varying terms and conditions. The first well, in which the company has a 15% working interest, was successfully drilled and is awaiting completion.
The Lochend Project consists of a four well development drilling program located in the Lochend area northwest of Calgary, Alberta, adjacent to the Lochend Cardium M, O pool and the Lochend A, C, E pool. Golden Cariboo has the right to earn a net interest of 15.625% in the project. The first well, successfully drilled and tested, is currently being tied-in to the gathering system.
The Sarcee Project will consist of four wells on trend with numerous producing fields, encompassing several prospective horizons near Calgary, Alberta, Canada. The Company has the right to earn a 5% interest in the wells. Golden Cariboo has drilled its first well on the project.