Forent Energy Ltd., Calgary, plans to spud an exploratory well in February 2012 on the 514,000-acre Alton block in the Stewiacke Valley south of Truro, NS.
Forent completed a $1.6 million gravity gradiometry survey on the block in 2010 and a 65 line-km 2D seismic survey in mid-2011.
The company has identified 15 Carboniferous Gays River reef drilling targets with a mean resource size of 26 million bbl of original oil in place each. Three wells are planned to depths of 900 m. Forent has 100% working interest.
Alan Petzet | Chief Editor Exploration
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.