Preparations are underway for drilling to commence in July 2010. Curlew Lake has acquired and interpreted seismic data in the Redwater-Fairydell area that has identified numerous drilling targets with multi-zone potential.
The area is situated between the long-standing Redwater oil field and the smaller but prolific Fairydell-Bon Accord oil field, 50 miles north of the City of Edmonton. The Redwater field is a Devonian Leduc formation reef play that has produced oil since the 1950s and holds upwards of 850 million barrels of oil recoverable.
Prospective lands between the Redwater atoll reef complex and the Fairydell-Bon Accord reef were identified by Curlew Lake using seismic and well control. This effort has resulted in the acquisition of key freehold and Crown lands.
The multi-formation prospects include Devonian Nisku and Leduc formations, as well as productive units in the overlying Mannville Group. Curlew Lake said that its pursuit of high impact prospects makes this area attractive. Industry has posted an additional twenty-six sections for the upcoming July sales.
The Fairydell area was identified by Curlew Lake as a high-impact project with numerous wells on the main reef producing from the Leduc and Nisku formations in the order of one and one-half to two million barrels of oil per well on 40 acre spacing. The area is less than 50 miles from oil and gas related services at Edmonton and Fort Saskatchewan.
Curlew Lake said that it has identified a number of drilling locations based on seismic and geological interpretation, and has developed an updated model for reef development in the Fairydell area. Exploration and development drilling have defined the Fairydell area to be a multi-formation project.
