GREY:CIMVF - Post by User
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SENSAI1on Feb 14, 2008 7:59am
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Post# 14371137
Kirby Mercer has a lot of confidence in Shoal Poin
Kirby Mercer has a lot of confidence in Shoal Poin
From Today's Western Star interview with Canadian Ventures VP Kirby Mercer
He said it’s a decade since PanCanadian Petroleum and their partner Hunt Oil drilled the K39 well on Shoal Point and they know from recent geophysics work carried out by Memorial University of Newfoundland that PanCanadian missed their target and the target remains untested.
“We feel the target we are after is the jewel in the crown of oil and gas potential in western Newfoundland. We sold our Garden Hill rights, not because we think less of it but because we feel Shoal Point is the prize target and we want to put all our efforts into it,” Mercer said.