The Williston Prospect includes oil and gas leases held within the Tyler, Lodgepole, Bakken, Red River and Three Forks producible zones.
The oil and gas leases extend in excess of 50,000 net acres with proposal for an initial 72 wells drilling program at an estimated CAPEX cost of about $200m.
Blacksands Pacific, through its subsidiary Blacksands Pacific Williston Basin, will jointly operate the oil prospect with a 50% working interest in the operation, and also provide 100% of the required CAPEX cost.
