The program’s total cost was under $1.1m, and the permitting for the program was initiated in late April with the drilling and recording of data in July.
The company said it plans to have the data processed and interpreted by the end of the first week of August, and select three drilling locations after this.
Forent Energy also intends to spend upwards of $5m this year on the Alton Block in order to discover and produce hydrocarbons from the Gays River reef structures identified by a gravity gradiometry survey in 2010.
A three-well drilling program is anticipated to be commenced by the company in early October 2011, with the program’s completion expected by the end of November of this year.
The company claims that the drilling program will allow it to be the first company to produce hydrocarbons on shore in Nova Scotia.
