Gear Energy Ltd. is soliciting certain parties which may be interested in acquiring or farming in on certain lands in the Provost Area. The details of the opportunities are as follows:
|Target Formation(s):||Sparky Formation|
|Locations:||Drill ready location (100/08-31-035-04W4M). In addition, Gear has mapped up to 25 follow up locations.|
|Well Type:||Horizontal multi-stage frac|
|Seismic:||2D / 3D trade seismic over properties|
|Capital Costs (approximate):||
|Expiries:||Primary term license (AB License No. 5318020207) with an expiry of February 28, 2020. One horizontal well should continue the entire license.|
Gear Energy will consider a farmout or sale of its interest. A technical presentation is available upon execution of a Confidentiality Agreement and Area of Exclusion Agreement. This offer is not exclusive and may be withdrawn, by Gear at any time.
Please contact Yvan Chretien at 403-538-8464 if you are interested in seeing a technical presentation or for further information regarding this opportunity.