The Company operates approximately three and one-half sections (2,240 acres or 896 hectares) of land situated in eastern Alberta, with an average working interest of 87%. There are a number of oil wells producing from the Cummings and Dina formations underlying the lands. Over the past five years, Solara has drilled several wells on the lands with initial oil production rates of 30 bbls/d on an individual well basis, and declining to approximately 5 to 10 bbls/d after one year. The Company has previously undertaken two three dimensional geophysical programs over the lands to identify potential drilling locations. More recently, Solara drilled one well in 2009, and a well in 2010 on a portion of the lands. It has plans to drill two more wells in 2011 to follow up on its initial success from these producing oil wells. The oil field is currently generating approximately $225,000 in gross revenues per month.