Project Profile
Value: Undisclosed
Location: Normandville within Northern Alberta Peace River Arch area, Canada
Reserves: unknown
Blue Horizon Energy acquired an undivided 100% interest in 14 contiguous oilsands leases located at Normandville within the Northern Alberta Peace River Arch area. Blue Horizon Energy then completed a detailed geological and technical review of the Normandville Property and in late 2010 secured industry partners who have entered into a Farmin Agreement pursuant to which they are paying 90% of the costs to drill, core, complete and equip 3 test wells to earn 50% of Blue Horizon Energy’s interest in the Normandville Property. After becoming recognized by the applicable regulatory authorities in Alberta as an operator, Blue Horizon Energy commenced drilling the three well program on the Normandville Property, all of which have now been drilled and cored. Achieving operatorship status has opened doors for the company to review additional drilling opportunities on a go forward basis.
Operator:
Blue Horizon Energy: Operator with 100% interest