1) Drilling for coalbed methane in Alberta's Horseshoe Canyon and Mannville formations is increasing as operators shift to more horizontal wells.
2) The Horseshoe Canyon is the only commercial coalbed methane play in Canada so far, with over 2,700 wells producing around 150,000 cubic feet per day on average.
3) The Mannville formation has potential but is not yet commercial due to water production challenges; some operators are exploring horizontal drilling to potentially unlock more gas at faster rates.
2008 annual report for Phoenix Coal (TSX: PHC), a company engaged in the exploration, production, acquisition and sale of coal from the Illinois Basin. The current mining operations and near-term development projects of the Company are located
in Western Kentucky, an area that comprises a part of the Illinois Basin.
Maxim Lyashko reports on the Rumaila oilfield redevelopment project, the first long-term oil contract of the post-Saddam era and Iraq’s biggest treasure estimated to contain 15 per cent of country’s oil reserves.
Objective Capital Precious Metals, Diamonds and Gemstones Investment Summit
Focus on Silver: Creating precious metals opportunities in the Canadian North
20 May 2010
by Tony Walsh - Sabina Gold & Silver
2008 annual report for Phoenix Coal (TSX: PHC), a company engaged in the exploration, production, acquisition and sale of coal from the Illinois Basin. The current mining operations and near-term development projects of the Company are located
in Western Kentucky, an area that comprises a part of the Illinois Basin.
Maxim Lyashko reports on the Rumaila oilfield redevelopment project, the first long-term oil contract of the post-Saddam era and Iraq’s biggest treasure estimated to contain 15 per cent of country’s oil reserves.
Objective Capital Precious Metals, Diamonds and Gemstones Investment Summit
Focus on Silver: Creating precious metals opportunities in the Canadian North
20 May 2010
by Tony Walsh - Sabina Gold & Silver
Ximen frees Kenville Gold Mine from royalty burden, making it more attractive...Stephan Bogner
Last Friday, Ximen Mining Corp. announced to have entered into an option agreement to purchase the 4% gross metal royalty over the Kenville Gold Mine Property for a total consideration of $1.7 million CAD, of which $1 million is to be paid in cash and $700,000 in common shares of Ximen.
This agreement not only shows the negotiation skills of Ximen’s management but also its determination to advance the Kenville Gold Mine Project to the next level. As a gross metal royalty entitles the holder to a percentage of the revenue generated from metal sales, a mine operator prefers no royalty burden owed to third-parties.
Any mining project becomes less attractive (i.e. less profitable) the higher the royalty owed to a third-party. While corporate taxes commonly apply only to profits, a gross metal royalty is typically payable whether or not the mine is profitable, as such it is reasonable for the operator to want to discharge the burden of the royalty at some point.
For Ximen to buy the entire, relatively high 4% gross metal royalty at this stage may eventually prove up as a wise move (i.e. bargain) as negotiations could make a buy-out far more expensive in the future.
List of Economic Development Projects in Eastern Ohio Related to Utica ShaleMarcellus Drilling News
A list of infrastructure and business projects that have sprung up in eastern Ohio related to Utica and Marcellus Shale drilling in the region. This list represents billions of dollars of new investment coming to eastern Ohio because of shale drilling. Awesome.
CNGVA President Discusses The Business Case for Natural Gas Vehicle Use in Canada
-Overview of the business case for Canadian medium- and heavy-duty fleets
-Several fleet examples including refuse, transit, and highway tractor
-Brief discussion of available factory-built vehicles and engines
-Cold weather performance experience and learnings
-Brief discussion of required facility changes and case examples
-How to understand natural gas fuel pricing and how it compares with diesel pricing
Ximen frees Kenville Gold Mine from royalty burden, making it more attractive...Stephan Bogner
Last Friday, Ximen Mining Corp. announced to have entered into an option agreement to purchase the 4% gross metal royalty over the Kenville Gold Mine Property for a total consideration of $1.7 million CAD, of which $1 million is to be paid in cash and $700,000 in common shares of Ximen.
This agreement not only shows the negotiation skills of Ximen’s management but also its determination to advance the Kenville Gold Mine Project to the next level. As a gross metal royalty entitles the holder to a percentage of the revenue generated from metal sales, a mine operator prefers no royalty burden owed to third-parties.
Any mining project becomes less attractive (i.e. less profitable) the higher the royalty owed to a third-party. While corporate taxes commonly apply only to profits, a gross metal royalty is typically payable whether or not the mine is profitable, as such it is reasonable for the operator to want to discharge the burden of the royalty at some point.
For Ximen to buy the entire, relatively high 4% gross metal royalty at this stage may eventually prove up as a wise move (i.e. bargain) as negotiations could make a buy-out far more expensive in the future.
List of Economic Development Projects in Eastern Ohio Related to Utica ShaleMarcellus Drilling News
A list of infrastructure and business projects that have sprung up in eastern Ohio related to Utica and Marcellus Shale drilling in the region. This list represents billions of dollars of new investment coming to eastern Ohio because of shale drilling. Awesome.
CNGVA President Discusses The Business Case for Natural Gas Vehicle Use in Canada
-Overview of the business case for Canadian medium- and heavy-duty fleets
-Several fleet examples including refuse, transit, and highway tractor
-Brief discussion of available factory-built vehicles and engines
-Cold weather performance experience and learnings
-Brief discussion of required facility changes and case examples
-How to understand natural gas fuel pricing and how it compares with diesel pricing
We offer the reader issue number
zero of Global Commons Review,
a new magazine published by the
Paulo Freire Institute-UCLA and
produced by the UNESCO-UCLA
Chair in Global Learning and
Global Citizenship Education. We
want to stress the importance of
global citizenship education and
feature what we believe to be its
manifold implications and
applications for formal , informal
and non-formal education. We
believe this will help policy makers,
government officials, academics,
communities and institutions
navigate its ever-shifting tides
and currents.
„Next Generation DKE“ is the network of young managers, engineers, technicians.... the new faces in the field of electricity and electronics. This prentation gives an overwiew about the network. Where do we come from? What is our strategy? What are our activities? This are questions to be answered by this presentation.
The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) are currently finalizing the accounting regulations for leases, expecting to issue the new standards before the end of 2015. The new regulations will require organizations to capitalize many of their operating leases and record them in their balance sheets as assets and obligations.
With high volumes of complex lease contracts for drilling, equipment and joint operations, oil and gas operators are one of the groups that are most affected by the upcoming lease accounting standards. To ensure that they have the IT systems, applications, processes and controls ready to comply and to allow for potentially lengthy lead times, experts strongly recommend organizations to start considering today how technology can help them prepare, long before adopting the standard.
Invest in Oil Shale
http://www.profitableinvestingtips.com/investing-tips/invest-in-oil-shale
Over a year ago we suggested that one look at investment in sustainable fracking technology. Recovery of petroleum from oil shale deposits has allowed the USA to reduce its reliance on foreign oil to the lowest level in more than twenty years. Today the USA imports forty percent of its oil, down from sixty percent just a few years ago. If predictions hold true the USA will continue to increase oil and gas production from fields in both the South and North of the country. All of this is possible because of the technology that allows oil and gas extraction from oil shale deposits. Before you decide to invest in oil shale consider just how to do it. There are exploration companies, drilling companies, big oil companies that refine and sell petroleum products, oil cleanup crews, and companies that make the robots that work a mile down in the sea to fix things. In short there are lots of ways to invest in oil shale and lots of profits to be made along the way. Let us look at a few figures.
Oil Shale Reserves
The largest known oil shale deposits in the world are in the geological formations of the USA. The sum total of known reserves as of today comes to just under $5 Trillion barrels. By comparison the known reserves of the top oil producing nations come to around 1.3 Trillion barrels. Invest in oil shale deposits, finding them, the technology for sustainable fracking, and delivery to the market and prosper. The fundamental analysis of the subjects tells us that if you invest in oil shale you will be investing in the largest petroleum energy resource on the planet.
2Co Energy - Don Valley Power Project - Securing Energy Supporting Growth – D...Global CCS Institute
As a part of the Institute's strategic focus on assisting CCS projects through knowledge sharing, three North American roadshow events will help the industry share project experiences and knowledge about CCS. Taking place in the US and Canada, the three events include:
• Austin, Texas on November 8, 2011;
• Calgary, Canada on 10 November, 2011; and
• Washington, D.C. on 19 January, 2012.
The first roadshow focused on sharing project experiences and knowledge from the projects in North America but also brought in projects from Europe (Don valley) and Australia (Callide) so that regionally diverse experiences could be shared amongst a global audience.
Attendance at the event was around 30 to 35 which allowed open and frank discussions around technical, management, and regulatory issues and how these challenges can impact on a project’s advancement and decision making processes.
Ximen is pressing ahead aggressively with its goal of becoming a gold producerStephan Bogner
Mining plan now revealed. The gold bull is back! At least according to Adam Hamilton, who cut right to the chase in his June 21, 2019 article “Gold Bull Breaking Out!”: “Gold finally surged to new bull-market highs this week! Several years after its last bull high, gold punched through vexing resistance after the Fed continued capitulating on ever normalizing. This huge milestone changes everything for gold and its miners’ stocks, unleashing new-high psychology fueling self-feeding buying. With speculators not yet all-in and investors wildly underdeployed, gold has room to power much higher.”
And Rockstone’s favorite gold stock at the moment, Ximen Mining Corp., achieved a huge milestone on June 20, 2019 in an announcement that has the potential to change everything as the explorer is pressing ahead aggressively with its goal of becoming a gold producer in southern British Columbia, Canada...
Tom Kaiserski, Program Manager, Energy Promotion and Development Division, Montana
Department of Commerce
Northern Task Force Meeting on April 2, 2012, Billings, MT
PBF Energy snaps up oil cargo from western canadaGE 94
[INDEED WCS/WTI DEPRESSED BECAUSE IMPERIAL'S EDMONDTON 187K/D WAS RUNNING <75% CAPACITY DURING MID-JUL AND VERY CHEAP C$].
KEARL LAKE HAS A VERY GOOD DISTILLATE, VGO YIELD FOR THE WINTER]
[500,000K BUT STILL INTERESTING MOVE THAT YOU WOULD NORMALLY EXPECT FROM GUYS LIKE FREEPOINT COMMODITIES NOT PBF !]
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
In the Adani-Hindenburg case, what is SEBI investigating.pptxAdani case
Adani SEBI investigation revealed that the latter had sought information from five foreign jurisdictions concerning the holdings of the firm’s foreign portfolio investors (FPIs) in relation to the alleged violations of the MPS Regulations. Nevertheless, the economic interest of the twelve FPIs based in tax haven jurisdictions still needs to be determined. The Adani Group firms classed these FPIs as public shareholders. According to Hindenburg, FPIs were used to get around regulatory standards.
In the Adani-Hindenburg case, what is SEBI investigating.pptx
Where to from here? Oil & Gas Investor article by Bettina Pierre-Gilles
1.
2. C OA L B E D M E T H A N E
WHERE TO FROM HERE?
Drilling in the Horseshoe Canyon coals is gaining momentum, and operators are shifting to
more horizontal wells to unlock the Mannville’s potential.
BY BETTINA PIERRE-GILLES, PHASIS CONSULTING
T
he Canadian economy was strong throughout last year, the coal formations. As of the end of the year, the most
with the energy industry a major contributor to active industry players were:
that growth, seeing its highest level of activity. • EnCana Corp.;
According to data compiled by the Canadian Association of • Quicksilver Canada (formerly MGV Energy Inc.);
Petroleum Producers, Canada produced 17 billion cubic feet • Apache Canada Ltd.;
(Bcf) a day of conventional gas last year.Drilling for oil and gas • Trident Exploration Inc.;
was at its highest level ever,while production remained stable. • EOG Resources;
Although there was an increase in drilling and well com- • Centrica Canada Ltd.;
pletions, production remained unchanged. Supply of conven- • Canadian Natural Resources;
tional natural gas in Canada is fast becoming scarce. • Paramount Resources Ltd.;
According to the National Energy Board’s 2004 assessment, • Devon Canada Corp.; and
the remaining conventional gas supply is mainly in the • Fairborne Energy Trust.
Western Canadian Sedimentary Basin (WCSB). Alberta has the most vibrant CBM activity in Canada.
With gas demand rising at a rate of about 1.6% yearly, The coals available for exploration and development are
how does Canada supplement its conventional supplies to found in the Horseshoe Canyon, Belly River, Scollard
keep up? The answer relies heavily on developing uncon- (Ardley) and Mannville formations.
ventional resources—the Fort McMurray oil sands, tight
gas, shale gas and natural gas from coal—better known as HORSESHOE CANYON
coalbed methane (CBM). The Horseshoe Canyon formation is still the only commercial
According to the 2001 resource assessment released by CBM play in Canada. It gained commerciality from a joint-ven-
the Canadian Gas Potential Committee, Canada’s CBM ture project in 2002 between Quicksilver and EnCana (then
resources range between 500- and 700 trillion cubic feet of PanCanadian). There are more than 2,700 wells in the
gas. The majority of that unconventional resource’s Horseshoe Canyon, of which 1,650 are producing an average
reserves are in the WCSB, with the Alberta foothills and of 150,000 cubic feet of gas a day.
plains regions holding the largest amount of the CBM CBM production depends on the thickness of the coal
reserves within the basin. seam.The Horseshoe Canyon contains Upper Cretaceous,
In British Columbia, CBM is
referred to as coalbed gas (CBG), and
the resource there is still in the early
exploratory stages. However, it
should be noted that once CBG pro-
duction comes onstream, it will
shake unconventional supplies and
take its place in the mix.
Drilling for CBM in Alberta is cur-
rently at its peak, mainly because of
high natural gas prices. Last year,
some 3,000 CBM wells were
drilled—almost double the number
of the previous year’s well count.
More than 2,500 CBM wells cur-
rently are producing at an average
daily rate of 140,000 cubic feet per day.
Although there was a strong Note: 2004 Includes 692 re-completions.
increase in CBM production, there Sources: CAPP and FirstEnergy Capital Corp.
were no significant new entrants
into the producers’ mix to develop Coalbed-methane wells drilled more than doubled in 2005, and more growth is projected.
20 Canadian Energy Investment Opportunities • June 2006
3. C OA L B E D M E T H A N E
low permeability, almost fully dry coal. It has three coal
zones: the Drumheller, the Carbon Thompson and the
Daly-Weaver.The formation has an average coal thickness
of 1 to 2 meters, and is found at depths varying from 150
to 800 meters.
Along with the Horseshoe Canyon is the Belly River Group,
containing the McKay, Taber and Lethbridge coal zones, with
an average thickness ranging between 1 and 3 meters.
Because the coals in the Horseshoe Canyon are dry, it is
less expensive for producers to complete wells in the area,
as they do not have to deal with water-disposal issues. A
typical well on average costs C$275,000 to drill and com-
plete, with a rate of return of 35%-plus and a 1.5-year pay-
out. The majority of wells in the Horseshoe Canyon are
completed using vertical drilling techniques.
The major players in Horseshoe Canyon are EnCana,
Quicksilver, Apache, Fairborne, ConocoPhillips (through its
recent acquisition of Burlington Resources), Canadian Natural
Resources and various others.
Because of its commercial success, the Canyon’s coal play
is becoming saturated, so acquiring a piece of land in that
formation has become as pricey as drilling a new well in the
less-developed Mannville. Although there are substantially
high levels of gas available in the deeper areas of Horseshoe
Canyon, the cost of the technologies to get the gas out does
not support the economics for drilling at those depths.
MANNVILLE
The Mannville contains Lower Cretaceous coals.The coals
found closer to the plains have sub-bituminous to high-
volatile bituminous coal ranks, while the thickest coal can
be found in the Red Deer area.
Gates and Gething coals have ranks ranging from high-
volatile bituminous to anthracite.The Mannville coal ranges
in depth from 300 to more than 3,000 meters.
The major geological characteristic of this zone is how wet
its coals are—subsequently producing large amounts of water
before the gas is accessed.
The Mannville group of coals has significant potential.
Although the play to date is not commercial,the Trident/Nexen
Inc.joint venture in the Corbett could soon change that.At the
end of last year, there were about 230 wells drilled in the
Mannville,more than 110 of which now have production,aver-
aging 75,000 cubic feet a day per well.
Water production and disposal are the major issues holding
up commerciality in the Mannville. Drilling there has histor-
ically been completed using vertical technology. A small
number of companies, however, have realized the need for a
technological shift, essential for commercializing that play,
and have turned their attention to drilling horizontal wells.
To date, fewer than 40 such wells have been drilled.
While the Mannville is economic under vertical and hori-
zontal drilling programs, based on analyses, more gas is pro-
duced faster under the horizontal scheme and the payout is
faster within two years, compared with three to four years for
See COALBED METHANE on pg. 43
Oil and Gas Investor • www.oilandgasinvestor.com • June 2006 21
4. C OA L B E D M E T H A N E
COALBED METHANE, continued from pg. 21
commercial production from that formation. However, test
wells have been drilled in the Ardley that show a great
a vertical well. The cost for drilling a vertical well in recoverable potential. Another constraint for producers in
Mannville ranges from C$550,000 to C$800,000, while a that formation is freshwater production.
horizontal well could cost from C$800,000 to more than The Ardley zone is the only CBM play where the industry
C$1.5 million to drill and complete. players have adopted a wait-and-see attitude toward develop-
The Mannville has proven to be economic with vertical ment. The geology of the Ardley coal zone makes it not only
and horizontal drilling technologies. However, a smart pro- difficult, but also expensive for producers to explore there on
ducer with the right amount of capital from its investors a large scale.The fresh water produced in the area along with
would have better value for its investment by implement- the gas,creates an environmental headache that not many pro-
ing a horizontal drilling program.This offers the possibility ducers are willing to approach, unless they obtain firm and
to recover a high percentage of the in-place gas at higher decisive guidance from the regulators.
rates, faster and economically. Nevertheless, the Ardley should not be entirely ruled out as
Trident, in partnership with Nexen, announced in July a potential zone where CBM could be commercially produced.
that the Mannville was commercial, based on the produc- As of the end of last year,about 20 wells had been drilled there
tion results from their horizontal drilling program. with minimal production.
Although the timing for full commercialization of the Where do we go from here? Looking at geopolitics, this
Mannville coals is unknown, horizontal drilling is the most could be a great time for Canada’s oil and gas patch, particu-
economic approach to take. larly CBM.While we may not see a sudden rush to explore the
Ardley, we will, however, see a major shift in the Mannville,
OTHER COALS beginning with a change from vertical to horizontal drilling,
The Scollard formation is of Paleocene age and found at which may dramatically change gas outputs.
depths between 300 and 600 meters. This formation is
comprised of four coal zones: Val d'Or, Mynheer, Silkstone Bettina Pierre-Gilles is chief economist for Calgary-based
and Arbour.The area has low permeability,which may hinder Phasis Consulting.
The CanOils Database®
Want to Drill into Canada’s Oil & Gas Industry?
Tracking the performance of the fast-changing Canadian energy scene just got a
whole lot easier. The CanOils Database® gives you:
• Timely coverage of all quoted Canadian oil & gas companies and trusts
• Complete financial and operating data at your fingertips
• Fast easy-to-use and powerful web-based software
• Flexibility to customize your own reports and save formats for repeated use
• Quality backed by Woodside’s 20-year reputation for data quality
Outstanding functionality for: equity research, company benchmarking, acquisitions
& divestures, industry-wide analysis, and strategic planning.
The CanOils® service combines the high-quality company data of Calgary-based
Woodside Research with the market-leading web software of London-based in-
formation provider Evaluate Energy – all together in one powerful package.
Find out how CanOils® can give you the edge in finding value in the Canadian
oil & gas sector
If anyone can help analyse Canada’s Energy Sector, CanOils® can!
Call or Email today for a free demonstration!
Contact John Shiry at 403-269 6003
Email: Info@ woodside.ca
www.CanOils.com
Evaluate Energy Woodside Research Ltd.
“CanOils” and “The CanOils Database” are registered trademarks of Woodside Research Ltd. in both Canada and the United
States of America.
Oil and Gas Investor • www.oilandgasinvestor.com • June 2006 43