Exploration & Production | Capital Markets | Private Equity Activity
Long Run Touts 301.2 MMBOE Potential at Montney Acreage
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Long Run Exploration Ltd. has reported the results of an independent resource assessment on its Montney oil play at Normandville and Girouxville.
At Long Run's request, Sproule Associates Limited has provided an independent assessment of the Discovered Petroleum Initially In-Place (DPIIP) on a portion of Long Run's lands covering the Montney formation at Normandville and Girouxville. The assessed portion of Long Run's interest in the Normandville area comprises 21,600 gross (21,600 net) acres and in the Girouxville area is comprised of 39,039 gross (37,183 net) acres. Undeveloped acreage in the Evaluated Areas total 16,800 gross (16,560 net) acres, and in respect of which no reserves have been attributed. The Evaluated Areas constitute approximately 48 percent of lands to which Long Run…
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