Shale gas find declared in NWT Pointed Mountain area

05/20/2013
Canada's National Energy Board granted a commercial discovery declaration to Lone Pine Resources Inc., Calgary, with respect to the Upper and Lower Besa River shale intervals in the Pointed Mountain field area of the Liard basin in western Northwest Territories. "It is reasonable that all of Lone Pine's 66 sections are developable by the use of hydraulic fracturing," NEB said, adding that "there are reasonable grounds to believe that the commercial discovery extends at least throughout the applied-for frontier lands." Lone Pine has a 100% operated working interest in 52,202 acres at Pointed Mountain. Lone Pine, which applied to the NEB for the CDD in February 2012, now...
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