Project Profile
Area: 1,160 square km (453 Sections)
Location: Alberta Basin Bakken Fairway, Western Montana, Pondera and Teton Counties
Primary currently holds over 290,000 net acres (453 Sections) in its Pondera-Teton prospect located in the Alberta Basin Bakken Fairway in Western Montana in Pondera and Teton Counties. These lands adjoin the Blackfeet Indian reservation to the south and are prospective for oil in the Sunburst; Madison; Lodgepole (Banff); Bakken; Three Forks and Nisku Formations.
Primary acquired over 250 miles of 2-D seismic and shot a 26 square miles 3-D seismic survey in 2008. At least fourteen prospective locations in both the Madison and Sunburst formations have been identified.
Recent drilling (20 vertical and horizontal wells) by multiple major US companies, which combined have acquired over 580,000 acres on the adjoining reservation, has resulted in the discovery of oil saturation and over pressurization in the Lodgepole [Banff], Bakken, and Three Forks Formations plus oil and normal pressurization in the Nisku Formation. Estimated published OOIP (Original Oil in Place) on a section of land ranges from 13 million to 15 million barrels.
Current drilling operations in the Alberta Basin Bakken Fairway on both sides of the border have identified over 40 vertical and horizontal wells that have been permitted, spud and/or drilled as reported by the Montana State board of Oil and Gas and the DOB in Alberta.
Operator:
Primary Petroleum Corp
(Farm-in agreement made with unknown U.S. operator)