Exploration/Development Briefs

01/28/2013
Germany The German unit of PRD Energy Inc., Calgary, has been provisionally awarded the 200,000-acre Uelzen exploration license in Lower Saxony north of Hannover, Germany, subject to review by municipal and state authorities. Uelzen, adjacent to PRD's Steinhorst license, is awarded for an initial 5 years and includes all rights surface to basement. PRD said it is committed to bringing at least two wells onto production within 5 years. Meanwhile, the company has completed shooting and is interpreting 3D seismic over the idle Boerger pool on the 720-acre Boerger-Werlte license south of Emden. Boerger, which had 10 wells that recovered 900,000 bbl of oil from Jurassic Malm and Dogger, ceased...
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