Independents build gas potential in Canada's Northwest Territories

Large gas volumes appear to have been found in the Colville Lake area of the Northwest Territories about 100 miles northeast of Norman Wells.Paramount Resources Ltd., Calgary, and Apache Canada Ltd. said consulting engineers assigned 250 bcf of possible raw gas reserves based on a 6,800-ha area covered by the Nogha C-49 and M-17 wells.The estimate was based on analysis of the flow and buildup data from the first two wells on the Nogha structure, just north of the Arctic Circle and 1,150 miles north of Calgary.Additional information from the B-23 well suggests a potential upside to the estimate, the companies said.Paramount and Apache plan to further delineate the reservoir at Nogha this w...

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