Info from SHY 30-11-10 pr
During the quarter, Sharon participated in the drilling of a vertical Shaunavon oil well, 91/13-19-7-18W3, located in the Chambery field, Saskatchewan. Based on Sharon's analysis, the open hole logs indicate potential oil pay in two zones. Sharon has a 20-per-cent interest in the section along with a 20-per-cent interest in six additional sections of land in the area. The operator will be applying to the Saskatchewan government to commingle the Upper Shaunavon and Lower Shaunavon zones, and anticipates bringing the well on production before the end of the year.
Late in the quarter, Sharon acquired a 25-per-cent interest in a property at Macklin, Sask. The property contains four shut-in oil wells, a water disposal well, 3-D seismic over the lease area and 3,770 acres under lease. Sharon believes the property's four wells can be reactivated. The wells were producing a combined 58 barrels of oil per day when they were shut in. The operator plans to reactivate the first of the four wells before the end of the year.