Contact Exploration Wins Nova Scotia Licenses
Contact Exploration Inc. was the successful bidder at a recent Nova Scotia onshore land sale where it acquired a 220,000 acre exploration parcel referred to as the Sydney Block.
Previous exploration work on other onshore blocks suggests the potential for oil and gas bearing targets on the Sydney Block at depths ranging from 1,000 to 2,000 meters within the Horton and Windsor Groups.
Contact is now the operator on a total of six Nova Scotia onshore exploration blocks totaling approximately 2.2 million acres. Over the next one to two months Contact will be finalizing its exploration plans with various potential joint venture partners for an active seismic and drilling program for 2003.