Discoveries

Shale plays require long-term thinking and patience, and progress continues on several interesting ones in spite of low commodity prices.

One budding play is in Eastern Canada’s Maritimes Basin, and it features the Upper Devonian and Lower Mississippian Horton Bluff shale. Calgary-based junior Triangle Petroleum Corp. recently announced updates on its drilling program for this emerging Nova Scotia reservoir.

The company is in the midst of completion operations on a three-well program on the 516,000-acre Windsor block, located in the central portion of the province. In total, Triangle has drilled five wells on the block, two in 2007 and three last year.

The resource is substantial: based on its wells and seismic data, Triangle has received an estimate from Ryder Scott Co. that 69 trillion cubic feet of gas reside in place across just 40% of its Windsor block.

Currently, Triangle is completing its three 2008 tests, vertical holes that encountered between 1,000 and 3,300 feet of prospective shale section.  Its challenge is to determine if the Horton Bluff has sufficient permeabilities to produce an economic percentage of its in-place gas.

–Peggy Williams, Senior Exploration Editor, Oil and Gas Investor

Contact me at pwilliams@hartenergy.com

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