Exploration & Production
Athabasca Oil Announces Duvernay and Montney Drilling Update
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Athabasca Oil Sands Corp, is please provide to an update to its duvernay and montney drilling programs
Light Oil Division
Athabasca continued its multi-well drilling program in 2012, confirming the commerciality of the Montney, Duvernay and Charlie Lake formations. Utilizing horizontal drilling and multi-stage fracture technology ("hydraulic frac"), the company drilled 14 wells during the first quarter and completed 16 wells. The first quarter drilling results were highlighted by the discovery of a potentially prolific Duvernay oil pool in the Kaybob property.
To date the company has identified three significant development areas based on the successful delineation drilling in Kaybob East, Kaybob West and Saxon/Placid. Consistent with Athabasca's philosophy to own and operate the…
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