Saturday, January 18, 2014 3:58:04 AM
The property is in North-West Montana in Lewis and Clark County on the Alberta Bakken Fairway. This property is located 60 km south-west of the city of Great Falls and State Highway 200 traverses the property.
The Millford Colony well on this property has been spudded, drilled and cased to 850 ft.. The Company intends to drill this well to a depth of 8,900 ft. to evaluate the Bakken formation and evaluate the shallow gas formations which have been identified in this area. A gas pipeline is located 5 km east of the property. The USGS, U.S. Geological Service, has recently doubled its estimate of technically recoverable resources from the Bakken and underlying Three Forks formation to 7.4 billion barrels of oil.!!!!! The prospective lands are in a new exploration area, and the Company hopes to further assess the Bakken potential in this area with the drill program. (Reference: http://www.doi.gov/news/pressreleases/usgs-releases-new-oil-and-gas-assessment-for-bakken-and-three-forks-formations.cfm.)
The Company has commissioned Chapman Petroleum Engineering Ltd. to author a National Instrument 51-101 report on the Millford Bakken property.
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • POET • Mar 27, 2024 10:52 AM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM