British Columbia
Yoho Resources Inc., Calgary, negotiated a pooling of interests with a large producing company to expand Yoho Resources’ land holdings to 22 sq miles from 10 sq miles at Two Rivers, BC, where the target is a Devonian Montney gas resource play.
By OGJ editors
HOUSTON, Jan. 6 – Yoho Resources Inc., Calgary, negotiated a pooling of interests with a large producing company to expand Yoho Resources’ land holdings to 22 sq miles from 10 sq miles at Two Rivers, BC, where the target is a Devonian Montney gas resource play.
Yoho Resources’ working interest after the pooling will average 47%. The company also negotiated a farmout to earn an increased interest in certain of the pooled lands by completing an existing well bore in the Montney formation. Completion is expected to proceed in January 2010.
