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Lone Pine Eyes Expansion of Hutch Liard Operations
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Lone Pine Resources Inc. has reported additional details regarding two of the Company's assets - the Hutch Slave Point light oil exploration prospect and the Pointed Mountain shale gas property in the Liard Basin.
Hutch Slave Point Light OilIn the first quarter of 2012, Lone Pine acquired 99,840 acres of 100% working interest land prospective for Slave Point light oil in the Hutch area of northern Alberta. Located approximately 125 kilometers northwest of the Company's Evi asset, the Hutch property provides Lone Pine with a potential second light oil fairway. Lone Pine now has a total Slave Point land base of over 180,000 gross acres, which provide a significant, concentrated, light oil footprint in Northern Alberta.
Lone Pine was initially attracted to the Hutch area as an analogous…
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