By OGJ editors
HOUSTON, Oct. 20 – Altai Resources Inc., Toronto, let a contract for 40 line-km of 2D seismic on permits in Quebec’s St. Lawrence Lowlands.
About 31 line-km will be shot in the southern half of the 282,544-acre property, and the rest will be in the northern half, west of Trois-Rivieres. The permits, in which Altai Resources holds 100% interest, were issued in July 2009 and are valid 10 years.
The surveys are to extend the mapping of the gas-bearing shales and siltstone formations of Lorraine and Utica and conventional gas targets of Trenton, Black River, Chazy Beekmantown, and Potsdam formations, all of Ordovician age.
Surveys in the southern half also aim to better define the trace of Yamaska fault. Formations are downthrown and therefore deeper east of the fault.
Altai Resources expects economic parameters of this play to be established within 3 years and such parameters to be very positive, the company said.
Photo from Odfjell Drilling.
Photo from bp.
