Nordic has secured a drilling rig for the first of its two new exploration wells at Endeavour, Saskatchewan.
"The rig will be transported to the 4-11 well site this coming week-end and we anticipate drilling to commence early next week," Mr. Benson stated, adding that drilling will take approximately five days to complete.
The first of the two Nordic wells at Endeavour is within four miles of a 1958 well that had oil shows in six different formations. "This gives the company a strong belief that a discovery will be made," Mr. Benson stated.
"The seismic that we shot confirms the existence of 50 meters of anhydrate and salt, which we feel acts as a seal for the oil. Furthermore, the 1958 well was drilled on a low, whereas our location is on a structural high, another thing that gives us optimism."
Most Popular Articles
From the Career Center
Jobs that may interest you