Aspen Commences Drilling in Manitoba

Aspen Group Resources has begun drilling Phase II of the company's Manitoba development in the Daly field.

As previously reported, Aspen has contracted Big Sky rig number 32, operated by Big Sky Drilling, as agent for Ensign Drilling Partnership. The rig has sufficient capacity to drill the longest horizontal well planned. The well, 8-14-9-28W1, is the first of up to six wells planned to complete Phase II of the program. Based on the success of Phase II, the rig will continue to develop Phase III, which includes up to 17 additional horizontal and vertical wells.

Aspen, through a 50/50 joint venture, owns leases totaling approximately 2,760 acres in the Daley Field. Consulting geologists estimate that the leases contain approximately 25 drilling locations, which could support multiple wells on each location. The wells will target the Lodgepole and Bakken formations.

Company: Aspen Group Resources more info
 - Aspen Completes $3 Million Financing (Jul 09)
 - Aspen Acquires Daly Field Assets (Feb 12)
 - Aspen Group Closes Private Placement (Dec 04)