Stealth Ventures drilling for Nova Scotia CBM

08/21/2006
Stealth Ventures Ltd. is pursuing coalbed methane plays in the Cumberland and Stellarton coal seams of Nova Scotia. The company has drilled two wells so far this year and holds acreage containing 1.6 tcf gross (1.313 tcf net) booked reserves.1 Chief operating officer, Derek Krivak told OGJ that Stealth has a $13 million (Can.) budget for 2006 and may be increasing this for 2007.“If we drilled out all the pads and ran liners, we’d be looking at a capital expense of $60-80 million [Can.],” he said.CoalBasins of the Maritime Provinces in eastern Canada are underlain by Carboniferous and Permian sedimentary strata with conventional natural gas as well as coalbed methane deve...
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