Investors love Oil and gas plays! Texas and Montan

Investors love Oil and gas plays! Texas and Montana oil NORX!

The Total Oil Content (T.O.C.) is also an important measure of available hydrocarbons, and core samples indicate T.O.C. is normally >10% in the Bakken Fairway. The map on the following page indicates that the South Sun River Bakken Prospect lays in an area of high oil production potential based on the thermal maturity and total oil content readings.

Leasing and drilling activity in the Bakken Fairway region has increased dramatically since late 2010. As of March, 2012, over 100 wells have been drilled in Alberta and Montana with the Bakken as the principal target. Over 30 of these wells were vertical wells with the primary purpose of delineating the Bakken formation.

In Montana, Newfield, Anschutz and Rosetta are considered to be the most active drillers, while historically Occidental, ARCO, Shell, Phillips and Sun Exploration have all been active in the South Sun River Bakken Prospect area. In Alberta, it is Crescent Point, Murphy Oil, Bowood and Shell who are the most active Bakken drillers. Analyst Wood Mackenzie estimated 2.6 Billion BO may be recovered from the Bakken Fairway.