Plan oil exploration by Contact Exploration Inc.
August 23rd, 2007Contact Exploration Inc. announces plans produce and exkplorasi oil and gas. Exploration reserve and produce of x 12 million oil barrel and 65 bcf natural indium gas the 100% owned stoney creek field.
Produce of crude oil from area exploration Stoney Creek is 750 barrels. In July produce of 900 barrels. In area exploration will be added 14 holes exploration new to increase product.
Application for re-work of the wells was submitted to both the New Brunswick Departments of Natural Resources and Environment on July 23, 2007.
In september have been available one new bridges to support re-work or when permitting is complete. Re-work done at hole which there, but on-producing wellbores is an efficient and cost effective method of exploiting.
The estimated exploration and production $31 million in proved and probable reserves in Stoney Creek.
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