County Line Energy Corp on schedule for heavy oil exploration project near Hayter Alberta, Canada
26 Setembro 2006 - 12:31PM
PR Newswire (US)
(SYMBOL CYLC OTC PINK SHEETS, G7Q FRANKFURT EXCHANGE) CALGARY,
Sept. 26 /PRNewswire-FirstCall/ -- Harry Bygdnes, president of
County Line Energy Corp. confirms that the company is on target
with the exploration program on the Hayter heavy oil prospect in
east central Alberta. The company has mapped out a 3D seismic
program of 189.6 kilometers covering an area of 17.18 square
kilometers. The geophysical application has been completed. The
company is finalizing the permitting of owners for access to the
area and plans to initiate the seismic program within the next two
weeks. Field preparation, surveying, drilling, data acquisition,
processing and interpretation is anticipated to be finalized within
the next 30 to 45 days. The company will design and implement a
well drilling program based on the results of the 3D Seismic
program. The Hayter property is located in an area of prolific
heavy oil production. The company signed a participation agreement
with Black Creek Resources and Canpar on July 30, 2006 in which the
company has committed to complete the previously mentioned seismic
program and drill a well in order to earn an ongoing interest in
the property.(See News Release dated August 16th, 2006) It has been
estimated by well log information and previous 2D seismic that a
structure containing up to 60,000,000 barrels of heavy oil may
exist on the property. We Seek Safe Harbour CONTACT: Harry Bygdnes,
Pres. C.E.O., (604) 250-1033, County Line Energy Corp DATASOURCE:
County Line Energy Corp. CONTACT: Harry Bygdnes, Pres. C.E.O.,
(604) 250-1033, County Line Energy Corp
Copyright