By OGJ editors
HOUSTON, Jan. 18 -- Dragon Lance Management Corp. has spud the Shoal Point 3K-39 exploratory well in western Newfoundland, said participant Canadian Imperial Venture Corp., St. Johns.
The 3K-39 well will be drilled directionally from an onshore surface location on the northern tip of Shoal Point to a subsurface target beneath Port au Port Bay.
The well is designed to test the Green Point shale oil resource play in the EL 1070 permit. Nabors Rig 112 is to take 20-30 days to drill a planned total depth of 2,200 m measured depth, 1,450 m true vertical depth.