$STBR ~ Operations http://strongbowinc.com/ope
Post# of 8
Posted On: 09/02/2014 11:39:41 AM
$STBR ~ Operations
http://strongbowinc.com/operations/
In June 2012, Strongbow earned an undivided 100% working interest (subject to a sliding scale gross overriding royalty) in the petroleum and natural gas rights to eight sections of Crown land in the Compeer, Alberta area through the drilling of its first horizontal Viking oil well at 05-29-33-02W4.
The 05-29 well has been on production since February 2013 and the Company continues to monitor production performance. At the same time, technical and operating evaluation is ongoing to determine whether the well can be optimized prior to considering additional step-out horizontal drilling potential.
Strongbow is encouraged that it has demonstrated Viking oil production potential across its Compeer acreage position. It also notes that horizontal Viking oil drilling activity is picking up in the area. Two active third-party operators have drilled six wells during Q4/2013 and Q1/2014 within a five mile radius to the north and south of Strongbow’s 05-29 well. The Company will continue to monitor its own well and the area activity to determine suitable next steps on its Compeer acreage.
http://strongbowinc.com/operations/
In June 2012, Strongbow earned an undivided 100% working interest (subject to a sliding scale gross overriding royalty) in the petroleum and natural gas rights to eight sections of Crown land in the Compeer, Alberta area through the drilling of its first horizontal Viking oil well at 05-29-33-02W4.
The 05-29 well has been on production since February 2013 and the Company continues to monitor production performance. At the same time, technical and operating evaluation is ongoing to determine whether the well can be optimized prior to considering additional step-out horizontal drilling potential.
Strongbow is encouraged that it has demonstrated Viking oil production potential across its Compeer acreage position. It also notes that horizontal Viking oil drilling activity is picking up in the area. Two active third-party operators have drilled six wells during Q4/2013 and Q1/2014 within a five mile radius to the north and south of Strongbow’s 05-29 well. The Company will continue to monitor its own well and the area activity to determine suitable next steps on its Compeer acreage.
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1️⃣I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
2️⃣All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
3️⃣I will not and cannot be held liable for any actions you take as a result of anything you read here.
4️⃣Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
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