Penant Project

Penant Project- S.W. Saskatchewan

  • 5.25 sections of land (3,360 acres).
  • Main target zone is Upper Shaunavon (USHV), secondary target Lower Shaunavon (LRSV).
  • USHV produces medium light oil (API 21.5o) from relatively shallow depth (around 980m).
  • Initial discovery well 41/01--15--018--17W3 drilled November 2014.
  • 3 horizontal wells. One drilled in Q4/14 and two drilled in Q1/15.
  • 1 additional horizontal well license obtained.
  • Easy surface access and close to existing infrastructure
  • 3D seismic defined proven drilling locations
  • 20-40 potential horizontal drilling locations.
  • Vital is the operator and maintains a 100% interest.