Sunday, May 24, 2009

"Alberta oil play could rival Bakken"

Bonterra says techniques hold promise in aging oilfield
"Bonterra Oil and Gas thinks it has a Bakkenstyle oil play here in Alberta -- in one of the province's largest and oldest oil pools, its chief executive said in Calgary on Thursday.

George Fink told his company's annual general meeting that horizontal wells with multistage fractures in the historic Pembina oilfield could rival the more trendy Bakken in Saskatchewan.

"It's still pretty new, but we think we can recover more on a per-well basis than the Bakken," he said."



UPDATE 04/06/2009

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