-
In September 2006, we acquired this project from 1097885 AB. LTD. situated in the Pembina oil field in an area that is concentrated with Nisku Pinnacle Reef occurrence
-
We will earn a 95% working interest in these leased lands by drilling a test well to the base of the Nisku formation, subject to a convertible 15.0% GORR
-
We are currently reviewing 3-D seismic and performing telluric data testing on this project
-
Allowable 160 acre spacing does permit for up to three wells to be drilled on these lands
-
Characterized as a “high impact” oil and gas prospect in central Alberta
-
The wells that have been successfully completed in the Nisku Reef formations in this area are some of the most prolific producers of oil and gas in the province of Alberta
-
The offset wells within 2 miles of our property that have been successfully completed in the Nisku formation have averaged the following initial production rates of 1,000 barrels of oil to as high as 7,000 barrels per day demonstrated by a well two miles northeast of our current prospect
-
Offset cumulative production from these prolific Nisku Reef Formations average 15 million barrels of oil and 50 billion cubic feet of recoverable gas
-
Two dimensional seismic data interpretation indicates that the Nisku Reef formation is present on our ¾ section prospect and the initial drill target is expected to encounter the reef formation with similar production rates expected and demonstrated by the offset wells in the area
