Long Run holds 100% working interest in all P&NG rights in 64 sections in southern Alberta Fort Macleod area of Alberta. This area has all the attributes for a new core area.
The lands capture a multi-zone area of potential for light oil in five prospective target formations at depths ranging from 1600 to 3000 metres. The zones in stratigraphic order are Second White Specks, Lower Cretaceous, Upper Mississippian, and Devonian Big Valley.
Long Run has 40 square kilometres of recent vintage 3D and 38 kilometres of 2D seismic data. Long Run acquired two vertical standing cased wells ready for completion/re-completion.
Three vertical wells are currently being licensed with drilling planned for Q2 2019.
This is a large scope multi-zone project with unrisked OOIP on Long Run lands of 767 Million barrels and qualifies for the Alberta government Emerging Resource Program (ERP) royalty incentives.
Further technical information and presentations are available to any party executing a Confidentiality Agreement.