WesCan Energy Corp. press release
Blackpool options lands at Hamelin Creek
TSXV - TSX Venture Exchange · Oil · Natural Gas · Natural Gas Liquids · Canada
CALGARY, Feb. 14 /CNW/ - Blackpool Exploration Ltd. (BPX.A: TSX Venture Exchange) has reached an agreement to evaluate it's 100% owned 2 section property in the Hamelin Creek area of northwestern Alberta. Under the terms of the agreement, an optionee will shoot or acquire 12 kilometers of 2 dimensional seismic data, then make election to drill a Cretaceous test well, to be spudded on or before June 1st, 2006, at a location of the optionee's choice on the lands. By drilling the test well, the optionee will earn a working interest of 60% in the test well and the test well spacing unit and a 50% working interest in the balance of the lands. An analog well to this prospect drilled at 5-19-81-4 W6M yielded up to 1.383 million cubic feet per day from Cretaceous age strata during the first six months of production with a total cumulative lifetime gas volume of 4.040 billion cubic feet.
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