GeoPetrol Acquires Acreage in Swan Hills in Northwestern Alberta

GeoPetro Resources has acquired 4,480 acres (1,493 net) of undeveloped land on a high-impact oil and gas prospect in the Swan Hills-Whitecourt area of northwestern Alberta. The South Whitecourt prospect was initially identified as a result of an airborne survey conducted in 2006 by Energy Exploration Technologies Inc., utilizing NXT's proprietary stress-field detection ("SFD") technology. The prospect is supported with 3-D seismic and the first well will target the oil and gas potential of the Swan Hills and Gilwood formations at a depth of approximately 2,800 meters (9,184 feet). Preliminary site assessment has commenced for the drilling of this high-impact prospect in the first quarter of 2008, subject to surface access and regulatory approval.

The Company also plans to commence the drilling of a high-impact prospect at Goodwin in the Swan Hills-Whitecourt area within the next thirty days, subject to surface access. This prospect was also initially identified utilizing SFD technology and has been geophysically confirmed with 3-D seismic data. The Company will be participating for a 50% working interest on a farm-in basis. The well has been licensed and will be directionally drilled to evaluate the oil and gas potential of the Nordegg and Pekisko formations at a planned depth of 2,100 meters (6,888 feet).

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Executive Protection Coordinator
Expertise: Risk Management|Security
Location: TX
 
United States Denver: Proposals Specialist
Expertise: Business Development|Marketing|Sales
Location: Denver, CO
 
Landman - Midstream Surface Land
Expertise: Landman
Location: The Woodlands, TX
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours