Big time potentialBoard,
Glad to be here so early. From what I have heared there is some significant potential to be unlocked by horizontal drilling through the Nordegg. Can't get much better than drilling through an oil rich source rock. Here is some info I have not shared anywhere else. Industry literature is key!
"
CONCLUSIONS
1. The "Nordegg Member" is an extremely rich oil-prone
(Type I/II) hydrocarbon source rock, with TOC values of
up to 28%. Liptinite macerals (primarily bituminite and
alginite), which are abundant in the "Nordegg", and the
greenish brown fluorescing mineral-organic groundmass
(matrix bituminite) are indicative of an oil-prone source
rock. Inertinite, mainly as inertodetrinite, is also present.
Cenospheres containing exsudatinite in the interior vesicles
are common. The increase in exsudatinite reflectance with
increasing maturity is being investigated as a potential relative
thermal maturation indicator for the "Nordegg".
Others (Brooks, Fowler, Macqueen, Riediger, Snowdon) note a lack of similarity between biomarker characteristics of the "Nordegg" extracts and the Lower Cretaceous deposits (e.g., Fowler et al., 1989; Riediger et al., 1989, 1990b), and instead suggest that the bulk of the oil generated by the "Nordegg" was not expelled. Thus the "Nordegg" could be a possible target for fractured shale exploration, similar to the Bakken Formation in the Williston Basin.
https://www.ags.gov.ab.ca/publications/wcsb_atlas/A_CH31/CH_31.html
GLTA and congrats for being here early. Sorry to hear about those who arrive in a month or two. Time for a new broker.
I can't wait for a GLJ resource estimate. SP through the roof!