ACT Energy Technologies Ltd V.ACX

Primary Symbol: T.ACX Alternate Symbol(s): CETED

Energy Oil & Gas Drilling

ACT Energy Technologies Ltd., formerly Cathedral Energy Services Ltd., is a Canada-based energy company. It is a partner to North American energy companies requiring high-performance directional drilling, measurement while drilling (MWD) and rotary steerable services, as well as in providing remote operations. It operates in Canada and in the United States as Altitude Energy Partners, and in the United States under Discovery Downhole Services and Rime Downhole Technologies. The Altitude Energy Partners specializes in providing solutions for the energy sector. Its directional drilling services includes mud motors, rotary steerable system (RSS), measurement while drilling (MWD), and real-time operations. The Discovery Downhole Services specializes in providing drilling solutions to meet clients' needs. The Rime Downhole Technologies is an engineering company specializing in crafting products for the downhole MWD industry. Its services include rentals, training, maintenance, and repairs.

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ACT Energy Technologies Ltd

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Post by fredskion Apr 12, 2012 2:05pm

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Post# 19786832

NEW ALBANY SHALE BACKGROUND

NEW ALBANY SHALE BACKGROUND

According to the Illinois Basin Consortium, which is comprised of the Illinois, Indiana and Kentucky Geologic Surveys and Gas Research Institute, the New Albany Shale in the Illinois Basin encompasses some 53,000 square miles and is estimated to contain 86 trillion cubic feet (Tcf ) of gas.

Gas has been produced from the New Albany Shale since 1858, from at least 40 fields in Kentucky, 19 in Indiana, and 1 in Illinois. To date, more than 600 wells have been drilled into the New Albany Shale in the Illinois Basin - principally in southern Indiana and western Kentucky.

The Illinois Basin remains largely undeveloped due to poorly developed pipeline infrastructure and, until very recently, public policy that permitted meaningful gas production data to remain obscure from public inspection. However, changes in public policy and higher gas prices have spurred a renewed interest in Shale development in the basin.

KNG's core assets are situated at the southeastern tip of the Illinois Basin in an area referred to as the Rough Creek Fault Zone. Shale in this area is extensively fractured by proximity to the Rough Creek Fault System -the largest fault system in the Eastern Interior United States.

Source: GRI-92/0391, Illinois Basin Studies 2