Rainbow Lake – Jean Marie

Company:

Resourceful Petroleum Canada Limited

Listing Type:

Sale

Producing:

Country:

Canada

Province / State:

Alberta

Play:

Other - AB

Area:

Rainbow Lake

Net Area:

12800 Acres

Interest Type:

Working Interest

Percentage:

100

Expiry Date:

None

Bid Deadline:

15/01/2021

Legal Description:

Township 110, Ranges 7-8 W6M

Description:

Opportunity to participate in a previously unrecognized tight carbonate oil resource play
Contiguous net undeveloped land position – 20 net sections (100%).
No land expiries until Q3 2022.
Four-year Northern P&NG License was originally acquired in August 2018.
There are 20 net undeveloped sections (5120 net hectares; 12,800 net acres) contained within the license including 13.75 net undeveloped sections (3520 net hectares; 8800 acres) of Jean Marie rights.
P&NG rights held in conjunction with the Devonian Jean Marie Formation within the License may allow for additional upside development
100% working interest currently unencumbered except for the applicable Crown royalties
License is currently in its second season of a 4-year primary term and expires in August 2022.

Listing Created:

23/11/2020

Listing Updated:

23/11/2020

Listing Views:

2338

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