Replies to post #611 on Unconventional Oil

[johnlw]

If they hit it is great but they are a huge risk. If it was sure thing that resource would have been out of the ground years ago.

They highlighted the tight formation in one of the past releases so they were above board in that respect.

There is a well being drilled on our property right now-relatively shallow at 1400 metres-5000 feet or so. That is less than half the depth of the Tinsley well. The work isn't being done by a major so some of the operations may be a little slow but the effort to complete the three horizons they are after is significant. At twice the depth with a high pressure reservoir the risk and effort would probably be increased logarithmically not double.

Alberta is not a sleepy agricultural community anymore. I am in an outlying area and the building, development, and traffic have increased immensely even out here.

JW