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Stock Pumper
Posted On: 05/10/2013 11:14:58 AM
Post# of 6705
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Posted By: Roger Wilco
Re: acc724 #49

Go where the oil giants are playing and that's the Bakken Formation!
Norstra NORX (Berlin Exchange 2NE) is exploring where there are countless barrels of oil are still undiscovered in the ground!

The USGS Assessment for the Bakken Formation estimated mean undiscovered volumes of 3.65 billion barrels of oil, 1.85 trillion cubic feet of associated / dissolved natural gas, and 148 million barrels of natural gas liquids in the United States portion of the Bakken Formation. These resources are contained within both conventional and unconventional reservoirs. The Bakken Formation in Canada contains additional resources and has been called one of the largest oil fields in Canada.

In early 2008 only a few wells had been drilled into the Bakken and its viability as a resource was uncertain. However, by the end of 2012, thousands of successful wells made it one of the most important crude oil sources in the history of North America.

Throughout history, most great oil and gas fields have been discovered. The Bakken Formation was unlocked through innovation.


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