SGY Latest News << Back To Headlines Drilling to commence at Kreyenhagen Field Heavy Oil Project Drilling Report 11-07-2013 Drilling to commence at Kreyenhagen Field Heavy Oil Project
Solimar Energy (ASX:SGY, TSXV:SXS) (“The Company†or “Solimarâ€) is pleased to announce that drilling operations are to commence this week at the Company’s Kreyenhagen Heavy Oil Project Area in the San Joaquin Basin, California.
Now back from 6-2011
DENVER, CO--(Marketwire - 06/07/11) - Grid Petroleum Corp. (OTC.BB:GRPR - News) announces the development of the Kreyenhagen Trend acreage continues through its 50% joint venture partner and property operator, Australian Stock Exchange listed Solimar Energy Limited.Grid Petroleum is benefiting by the data collection and development of Solimar's other holdings in the San Joaquin Basin of central California, in particular the nearby 10,000 acre Kreyenhagen Ranch property.Grid Petroleum and Solimar Energy Ltd will initiate a comprehensive site selection study of the 4,000 acre Kreyenhagen trend leases to determine potential drill sites for the development of the significant oil shale formations identified as the Upper Temblor and the under explored Miocene Monterey.The company previously announced the following estimated valuation of the Kreyenhagen Trend leases as determined by the company's geologists: