New Brunswick

PetroWorth Resources Inc., Calgary, spud the Feenan-2 well in Albert County, NB, about 1 km west of Stoney Creek oil and gas field.

It is projected to 1,600 m to evaluate the Hiram Brook, Frederick Brook, and Dawson Settlement formations. Gas potential in the Hiram Brook sands at 540-670 m is the primary objective.

Nicaragua

Norwood Resources Ltd., Vancouver, BC, purchased three drilling rigs, 17,000 ft of drill pipe, and all associated yard equipment from Hoco Drilling LLC, a private Oklahoma drilling contractor.

The rigs are to be modified and shipped to Norwood’s Oklanicsa block in the Sandino basin in northwestern Nicaragua (OGJ Online, Sept. 28, 2007).

One rig has a depth capacity of 11,000 ft, and the other two are rated to 6,500-7,000 ft. One of the smaller rigs will be made capable of drilling or workover use.