Sayer Energy Advisors has been retained to assist Rolling Trails Resources Inc. (“Rolling Trails” or the “Company”) and its sole working interest partner (collectively the “Companies”) with the farmout of the Knolly, Saskatchewan property (the “Property”).
The Knolly area is prospective for oil production from the Upper Shaunavon Formation. East of the Companies’ land, the Upper Shaunavon has been producing oil for many decades from the Rapdan, Eastbrook, Eastend, Dollard, Leon Lake, Leitchville and Bone Creek pools.
At Knolly, the Companies jointly hold a 100% working interest in a total of 4.5 sections of land that has been proven to be productive for oil production from the Upper Shaunavon Formation. A vertical well offsetting the Companies’ preferred farmout location has produced approximately 125,000 barrels of oil to date from the Upper Shaunavon.
The interpretation of Rolling Trails’ proprietary seismic has identified a number of prospective drilling locations to further exploit the oil potential of the Upper Shaunavon on the Companies’ land at Knolly. The primary drilling location is expected to encounter virgin reservoir pressure and is expected to produce at an initial rate of approximately 60-100 barrels of oil per day.
Sayer Energy Advisors is accepting proposals to farmin on the Knolly property until 12:00 pm on Thursday, April 19, 2018.
For further information please feel free to contact Ben Rye, Tom Pavic, Ryan Ferguson Young, Mark Zalucky Grazina Palmer or myself at 403.266.6133.
Alan W. Tambosso, P.Eng. P.Geol.
SAYER ENERGY ADVISORS
1620, 540 – 5th Avenue SW
Calgary, Alberta T2P 0M2
P: 403.266.6133 C: 403.650.8061 F: 403.266.4467