interestingFound this on PAN's site.
a totalof 51 cores were cut and sent to a Utah based shale gas core analysis facility.All technical information received to date indicates sufficient gas in place towarrant further exploration and development.
TerraTek indicates that as much as 22 bcf gas-in-place per section could existon our Foam Lake properties and up to 50 bcf gas-in-place per section couldexist on our Moose Jaw properties. These numbers were based on all zonesincluding the Viking formation up to the base of surface casing.
In a report commissioned by PanTerra (effective December 31, 2006), SprouleAssociates Limited indicated the presence of gas in all PanTerra Permit Areas.Sproule’s numbers were based on drilling and technical data supplied to Sproulefrom all of our areas. Sproule indicated that gas is present and there may infact be as much as 8.5 Tcf Original Gas In-Place on Company lands. The Sproulenumbers were based on specific zones in each well
Seems they have known about this amount of gas for some time
PanTerra may choose to entertain offers from wellfinanced Major Companies to develop the reserves or the Company may choose tosell its asset.
Nothing new there... but me thinks that the press comes out now to attract the big boys who are now noticing the deeper gas plays in Quebec.
All these Gas (shale) plays are coming out now simply because the Fracing tech has caught up to the assets in the ground. I wonder how many other O & G juniors are out there sitting on zones that were formally uneconomical to bring to production.