Gulfport Energy Corp., Oklahoma City, expects delineation drilling in the May River area of northern Alberta by Grizzly Oil Sands ULC to lead to filing of applications for thermal recovery of bitumen.
Gulfport holds about 25% of Grizzly, a private company based in Calgary.
Grizzly acquired the 46,720-acre May River property from Petrobank Energy & Resources Ltd. early last year (OGJ Online, Feb. 1, 2012).
Gulfport said Grizzly has completed 25 of 28 wells planned in an expanded delineation program.
It said by the end of the 2012-13 winter program the property will have been explored enough to support filing of regulatory applications for development via steam-assisted gravity drainage with initial production capacity of 12,000 b/d.