Exploration & Production | Top Story
Tourmaline Touts Emergence of New Hybrid Resource Play
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Tourmaline Oil Corp. has reported that the Spirit River Charlie Lake oil and gas pool has evolved into a major new hybrid resource play with significant reserve and production upside.
This major expansion of the Triassic Charlie Lake play combined with the successful consolidation of the associated prospective land opportunity have created a third major core operating area for the Company, complementing the NEBC Montney complex and the Alberta Deep Basin.
Through ongoing Charlie Lake pool expansion efforts at Spirit River over the past 18 months and 2013 regional Charlie Lake exploration successes, the Company has delineated a regional oil and gas accumulation with both structural and stratigraphic trapping elements. Tourmaline estimates that over 500 mmboe of light oil and natural gas…
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