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Alberta - CanadaTWE LiuhuanggouConventional Energy
projects
Alberta - Canada


 
Petromin owns interest in four oil and gas properties in central Alberta situated along the Western Canada Sedimentary Basin – the most productive hydrocarbon area in Canada. In 2003, the Western Sedimentary Basin accounted for about 87 per cent of Canada's crude oil and 97 per cent of natural gas production. 

Overview:

The Frog Lake area is within the heavy oil deposits of the lower cretaceous age in the McLaren channel sand along the Western Canada Sedimentary Basin. The McLaren channel trend extends over 50 miles from SE to NW forming a narrow trend of excellent heavy oil reservoirs containing over 1.0 billion barrels of original oil in place (OOIP). This distribution system passes over a pre-Cretaceous sub crop that contains significant reserves of Mississippian Bakken oil that is thought to have a common oil source. McLaren point-bar sandstones are re-incised and aggraded into reservoirs with up to 30 metres of pay and permeability of over 5 Darcies. Seismic definition of these pools is excellent due to high contrast of overlying shale with reservoir sandstones. Gas caps add an increased contract where present.

Production:
The Company has completed its third oil well at its Frog Lake heavy oil project. The Company retains various working interests in these wells ranging from 45 – 100 percent. 

Project Map
Frog Lake project Map

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Western Canada Sedimentary Basin (WCSB)

   

Overview:

The Gilby Property is located in Sonoka Alberta along the Western Canada Sedimentary Basin.

Deep play developing below Banff Formation possibly Duvernay Formation, recent crown land price approximately one million dollars per section.

The Company retains deep rights in the area through production.

Production:

The Company’s Gilby property in Alberta, which produces natural gas from the multi-zone gas discovery in the 11-35-39-28 W4M well, reached payout and the Company converted its overriding royalty to a 16 2/3 percent working interest after payout.  

In 2008, the Company completed a new well on the property. The Company retains a 16 2/3 percent working interest in the new location LSD1-35-39-28 W4M. 

Exploration:

The well at Gilby also contains potential Colony and Glauconitic gas zones which are being assessed for dual completion.

Project Map
Gilby project Map

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Petromin's Gliby property in Alberta producing natural gas 

Overview:

The Morningside Property is located along the Western Canada Sedimentary Basin in Central Alberta.

The Company owns in total three quarter sections (480 acres) in Morningside area after purchasing an additional quarter section of oil lease land in the area in 2012.

Recent crownland sales for the deep rights in the surrounding area has reached prices of approximately one million dollars per section and expect possible extension of Duvernay play developing. The company retains deep rights in the area through production.

Project Map
Morningside project map

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Overview:

The Redwater North property is located along the Western Canada Sedimentary Basin in Central Alberta.

Production:

Six oil and natural gas wells have been completed in the property. The company holds working interests ranging from 25 percent to 50 percent on the three wells and overriding royalty on the remaining three wells.

Exploration:

The Company is evaluating 1280 acres of Viking rights currently held by the Company, Penn West, Husky et al. The Company has varying interests ranging from 18 percent to 100 percent.

Project Map 
Redwater project map

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