| Progress Energy Resources Corp. |  | Progress Energy Resources Corp., or "Progress", was formed in January 2009 through the business combination of Progress Energy Trust and ProEx Energy Ltd. Progress's strategy focuses on growing reserves, production and cash flow while paying a dividend to shareholders.
Progress Energy Resources Corp. two primary operating regions are the Deep Basin of Northern Alberta and the Foothills of Northern British Columbia. These regions are considered among the most desirable resource play regions in North America. New technologies are continually being applied and refined to economically recover the large natural gas resource-in-place. Progress Energy Resources Corp. also has operations in south-central Alberta and minor land holdings in Saskatchewan. Progress Energy Resources Corp. asset base includes 1.2 million net acres of undeveloped land. In 2008 Progress Energy Resources reported proved and probable reserves of I trillion cu. ft. of natural gas equivalent. | | Visit Website | | Office Address | 205 - 5th Ave. SW,Ste. 1200,
Calgary, Alberta, T2P 2V7 Canada | | Phone | (403) 216-2510 | | Fax | (403) 216-2514 | | Executives | David D. Johnson, Chairman | | Michael R. Culbert, President, CEO, and Director |
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