In November, the Company obtained its first property in Manitoba through the acquisition of the Petroleum & Natural Gas rights on four contiguous quarter sections of land in the Virden Oil Field in the southwestern region of the province.
Nordic will be seeking to acquire existing seismic to identify the best location for the first of four wells that will be drilled in 2012. The Company will be exploring in the Mississippian formation for Lodgepole production, and from the Three Forks Group, which includes the Bakken zone.
The majority of Manitoba's current oil production is located in the southwest region of the province, along the northeastern flank of the Williston Basin, a sedimentary basin that also occupies portions of southern Saskatchewan, North Dakota, South Dakota and Montana. |