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The
early focus of the Company's drilling program is to
define the heavy oil reservoir one section at a time and
attempt to initiate production from each drilled
location as soon as is practical in order to generate an
early positive cash flow.
Drilling
Activity
September 2005 -
Drilling of the first test well commenced, targeting the
Bluesky formation zone.
October 2005
- Review of coring and logging on the first vertical
test well completed. Began drilling the horizontal
portion of the first well.
November 2005
- The first well was drilled to a vertical depth of 672 meters followed by a horizontal leg of over
630 meters within the Bluesky oil sands zone.
January 2006
- The operator has initiated production testing of the
first well.
March 2006
- Production flow testing continues, operator confirms
that the well is now showing initial signs off oil flow
as expected.
October 2006
- Preliminary drilling results at Sawn Lake are
announced.
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