The Stewart Lake prospect is located in township 32 range 28W4 and contains potential for light oil (35API) in the Ellerslie sands. The property offsets strong horizontal wells drilled by Transglobe Energy, Velvet Energy, and Whitecap Resources, with production of over 250 boed achieved. The primary target is a laterally extensive Ellerslie shoreface sand up to 5 meters thick.
Baccalieu holds a 100% WI in 3840 acres with 2022 and 2023 expiries. Please see the attached document for more details. Baccalieu will entertain sale or farmout offers.
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