The first well is to be drilled horizontally for up to 2,000 meters adjacent to existing abandoned borehole with apparent missed oil pay zone in a thick oil-stained porous dolomite reservoir. Based on independent well log appraisals, this potential pay zone could prove a new oil pool with up to 4 million barrels recoverable oil.
Delta Oil and Gas is a growing exploration company focused on developing North American oil and natural gas reserves. The Company's current focus is on the exploration of its land portfolio comprised of working interests in highly prospective acreage in the Southern Alberta Foothills area, its interest in the Cache Slough Project in California, its interest in the Strachan Prospect, its interest in its Mississippi prospect and its newest interest in a horizontal oil well in Saskatchewan. Delta Oil & Gas is seeking to expand its portfolio to include additional interests in Canada and the USA.
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