Prophet River Prospect
DRILLING UNDERWAY AT PROPHET RIVER (CLICK HERE FOR PICTURES)
North Eastern British Columbia
Earning Area: 6061 Gross Hectares (84 units)
Expiry Dates: Land A: Sept. 2006; Land B: Aug. 2008
Database: 2D seismic + wells (3-D Seismic program planned)
Click on photo to enlarge.
General Description:
- Large, 4-way-dip closed structure (570 Hectares)
- Primary Target: Slave Point
- Established Slave Point play fairway in prime location for hydrothermal dolomite development
- Targeted reef island includes full Slave Point build-up (~185m)
- Porosity prediction supported by seismic amplitude anomalies (120 fold data)
- Multiple secondary gas targets (Halfway, Kiskatinaw, Debolt, Sulphur Pt.)
- Drilling location identified Multiple follow-on potential (3 additional prospects on block, 100-150 bcf Pmean total)
- Main risks: presence & quality of reservoir
North Eastern British Columbia
Bougie Trutch Natural Gas Development Project
The company has acquired a 2.5% non-convertible gross overriding royalty based on 100% production (“GORR”) on 26 sections (26 square miles) of the Bougie Trutch natural gas development project in North Eastern British Columbia from the top of the Slave Point to Basement. Bighorn has also earned its 2.5% GORR interest in 6 sections (6 square miles) from the surface to all zones shallower than the Slave Point under various terms and conditions.
The test well has accomplished the earn-in for the Company's GORR interest and the well has been logged from the surface to the Sulphur Point Formation total depth. The Operator is Shell Canada for the lower gas zone (Top of the Slave Point Formation to the basement) and Focus Energy Trust for all zones from the surface to the bottom of the halfway zone.
The Peace River Region is a world class, hydrocarbon-rich area where several proven natural gas fields have been discovered: Clarke Lake Slave Point A Well (1957) and the Ladyfern A & B Wells (2000). The area continues to be a major focus of exploration and development by a number of leading oil and gas companies. The lands earned now by Bighorn have several other potential pay zones of natural gas that are currently being pursued through winter 2005/2006 drill program.
The Company management maintains that the Bougie Trutch Natural Gas Development Project represents an integral component of its diversified resource portfolio.
For more background on this project:
SLAVE POINT TEST WELL
MAP
USE GLOSSARY OF TERMS
For more information on natural gas, please refer to the following website: http://www.naturalgas.org/overview/overview.asp
Alberta
On November 16, 2005, The Company announced that it signed a Right of First Refusal to participate in a 10% Working interest in the drilling of a natural gas well in Alberta, as well as a seismic program. This Right of first Refusal is subject to a positive report from the Company’s Geophysicist, Geologist, and Petroleum Engineer, as well as a favourable title opinion of the Company’s Landman, including a favourable NI 51-101 Report.
|
