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Rainbow Lake – Jean Marie

Property Information

Company:
Resourceful Petroleum Canada Limited
Listing Type:
Sale
Producing:
No
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:
2538

Contact Information

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