Being a winter drilling region, the company’s ability to drill this well is contingent on the weather. Nordic’s geophysicist has identified this particular location as being a reef play, which he feels may be a replica of the nearby Sawn Lake Field reef play, a light oil project featuring over 40 active wells.
The company added that the recent interpretation of the seismic shot in the area indicates that the location of Nordic’s new test well not only correlates directly with an historic oil well drilled just three miles to the south, but the site is also only 18 miles due north of the Sawn Lake Field, which has produced millions of barrels of oil to date.
The Sawn Lake Field is touted as a major producing region and is known to have both shallow gas and conventional light oil. In addition to the heavy oil and tar sands in the area, significant amounts of light crude oil are known to exist at depths of approximately 1,500mt, with the majority of them producing from the Slave Point formation at or near this depth, the company said.
Donald Benson, president & CEO of Nordic Oil and Gas, said: “We will do our utmost to get this well drilled before spring break-up. Nordic needs only to drill to the surface casing in order to meet its lease requirements and retain five of the eight sections it has in Talbot Lake.”
