Noel and ProvostHere are statements from some previous news releases on the Noel and Provost properties.
This info is from 2006.
Charlie Chapman, VP Engineering for Goldnev comments, "The Noelproperty represents a significant geological environment and has thepotential to become the core asset for the company. I see greatopportunities to develop production rates comparable to existing wellsin the area. As we gather more data, new targets should also unfold andI see us working successfully, in this region for many years to come".
Marc Dame, President of Goldnev outlines "Our business strategy, is tosearch out possible farm-in opportunities with major oil and gascompanies in proven and promising development areas of Western Canada.The Noel agreement, represents the first of several the Company hopesto conclude over the next year. With many of the major companiesshifting their production and operating focus towards larger scale oiland gas opportunities in Northeastern B.C., the Alberta foothills, theoilsands and offshore internationally, the management of Goldnevbelieve it has the opportunity and the necessary business relationshipsto acquire, farm-in and develop future oil and gas properties of meritwith some of the major oil and gas producers in Canada.
Mr. Dame, further commented, "as sole operator of the properties,Goldnev has the advantage of complete control over the exploitation andmanagement of the properties. Goldnev, through its arrangements withChapman Petroleum Engineering Ltd. and it's other technical andbusiness associates, has under its management a team of experts capableof handling any technical and operational situation. This is evidencedby the confidence hat Devon, a major oil producer, has demonstrated inaccepting Goldnev as farmee and operator of their Noel property.