Exploration & Development

Transerv to explore holdings in Canadian unconventional plays

April 27, 2012

Transerv Energy Ltd., West Perth, said it plans to drill exploratory wells starting about midyear in the Duvernay and Rock Creek plays to assess its Canadian unconventional oil and gas assets.

Paula Dittrick

Transerv Energy Ltd., West Perth, said it plans to drill exploratory wells starting about midyear in the Duvernay and Rock Creek plays to assess its Canadian unconventional oil and gas assets.

The company also has interests in the Montney and Mannville plays, where it anticipates drilling starting during this year’s second half.

Stephen Keenihan, Transerv managing director, said the Australian firm plans to issue shares to raise an anticipated $5.4 million to finance its Canadian exploration programs.

“The time has now come for the company to confirm the enormous potential of these assets,” Keenihan said.

About the Author

Paula Dittrick | Senior Staff Writer

Paula Dittrick has covered oil and gas from Houston for more than 20 years. Starting in May 2007, she developed a health, safety, and environment beat for Oil & Gas Journal. Dittrick is familiar with the industry’s financial aspects. She also monitors issues associated with carbon sequestration and renewable energy.

Dittrick joined OGJ in February 2001. Previously, she worked for Dow Jones and United Press International. She began writing about oil and gas as UPI’s West Texas bureau chief during the 1980s. She earned a Bachelor’s of Science degree in journalism from the University of Nebraska in 1974.