
The Peace River Arch / Talbot Lake Property
The Peace River Arch property is comprised of 3 sections – approximately 1,920 acres – on the shallow gas trend in northern Alberta in the Talbot Lake area. The land is adjacent to production from the Blue Sky/Gething zone at a relatively shallow depth of between 400 and 600 metres and all of the land is within 1-2 miles of potential tie-in.
Three wells have been licensed for Gething and Blue Sky gas production. Each well is expected to produce approximately 0.8 BCF of gas. In addition, a pipeline right-of-way runs through a portion of the Nordic Oil and Gas land, resulting in relatively inexpensive tie-in of our wells.
It is anticipated that the Company will drill these three wells before the end of 2010.