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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C) -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (1578)	9/24/1998 10:22:00 PM
From: teevee	Read Replies (1) \| Respond to of 2306

Hi, There is a significant oil pool in the Crossfield member of the Devonian Wabamum group at Olds, and a small pool at Okatoks (total reserves originally about 40 million barrels of oil in place for both pools). These oil pools are associated with the better known Crossfield sour gas play. Also, if I recall correctly, there were significant gas liquids reported from Hartel. In addition, in the foothills region, maximum depth of burial of the target formation is also important. This area is in the "vicinity" of the Nisku Hot Line, west of which all or most oil has been converted to gas. In brief, yes, it is possible to have an oil discovery here and a good one too, however, the trap will have to be structural, not breached and not wet. By the way, the oil industry still views the Early Carboniferous age Turner Valley oil pool as a bit of an enigma. As there are plenty of source rocks in this region, and seeing how the second slice of the Turner Valley Formation is essentially unexplored, there is all kinds of room for major but deep conventional oil and gas discoveries here. regards, teevee

To: Bearcatbob who wrote (1578)	9/25/1998 10:43:00 AM
From: grayhairs	Read Replies (2) \| Respond to of 2306

Bob, Back in March during the first production test of the Esso well, I scouted that operation and commented at the time that it was obvious that the well would be liquid rich (either a "gassy oil well" or a "liquid (condensate) rich gas well"). I believe I estimated at the time that the well would make something in the order of 7 to 10 MMCF/d with 700 to 1000 bbls/d of oil/condensate. On the recent flow test, following the second acid job, the well was producing about 6 MMCF/d with ~1,000 bbls liquids on a 1/2" choke!! This well will be connected and generating very good cash flow by about year end. In addition, the offset well to be drilled by BEA in section 15 is a high interest BEA/STF well. It is the BEST low risk offset possible to the Esso discovery. It is very well situated to encounter the "oil leg" penetrated by the Esso discovery well. Let's hope it gets license approval and spuds soon!! Then you'll have two wells putting out low H2S gas and oil!! The 7-25 Devonian IS a high impact gas play (very sour) but can also be liquid rich. As I recall, the Hartell Devonian well tested about 40 bbls/MMCF so if you have a 25 MMCF/d gas well, you can also market 1,000 bbls/d of condensate. That will jingle in the cash register!! Later, grayhairs