New Brunswick shale gas play draws attention

PetroWorth Resources Inc., Calgary, divested all interests in Alberta natural gas wells to concentrate activity in eastern Canada.

By OGJ editors
HOUSTON, Jan. 6
-- PetroWorth Resources Inc., Calgary, divested all interests in Alberta natural gas wells to concentrate activity in eastern Canada.

The decision is based on recent shale gas developments adjacent to PetroWorth’s 41,000-acre Rosevale block in New Brunswick.

The company holds 129,000 acres, including Rosevale, south of Moncton that bracket Stoney Creek oil and gas field.

The Rosevale block lies east of McCully gas field and an emerging gas play in Mississippian Frederick Brook shale, in which Apache Canada Ltd. has joined Corridor Resources Inc., Halifax (OGJ Online, Dec. 8, 2009).

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