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County Line Energy Corp on Schedule for Heavy Oil Exploration Project Near Hayter Alberta, Canada
Calgary, Canada (ots/PRNewswire) -
(SYMBOL CYLC OTC PINK SHEETS, G7Q FRANKFURT EXCHANGE)
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.
CALGARY, Canada, September 26 /PRNewswire/ --
We Seek Safe Harbour
ots Originaltext: County Line Energy Corp
Im Internet recherchierbar: http://www.presseportal.ch
For further information: Harry Bygdnes, Pres. C.E.O.,
+1-(604)-250-1033, County Line Energy Corp