One project we are currently working on involves investing in an oil and gas company based in Calgary, Alberta, Canada. The company intends to drill in excess of 35 Devonian Age oil bearing pinnacle reef locations in central Alberta over the next 2-4 years on lands where significant oil and natural gas pools are presently on production and in a geological basin that contains the worlds second largest proven recoverable oil and gas reserves. Using state of the art technologies, including High-resolution Ground-magnetic, the company anticipates a higher degree of drilling success on its identified oil targets.
The company has secured approximately 40,000 acres of prime Crown lands that are on trend with known Devonian Age oil bearing pinnacle reef locations. Phase one of the project is to drill 6 wells with an average target depth of between 850m to 900m.