Noel Gas field on PresentationTook a look at the presentation this weekend on page 13. Check out the map of the field next to the deep play that Goldnev has (can't post it). Quite extensive and if they wish Conoco Phillips can farm in to it according to the press release.
The Farmor has the right to participate in certain option wells or retain a gross overriding royalty interest. That would be Conoco Philips.
https://www.stockhouse.com/News/CanadianReleasesDetail.aspx?n=8030401
Noel, BC
Project -CardiumNatural Gas
?Initial well to be drilled by March 31st, 2011
?Planned drilling and fracingof 4 wells by March 1st, 2012
?Excellent data coverage, including well logs and seismic, allowing for broad mapping of the Cardiumformation
?Assembled lands pre-spud through two farm-ins on a large contiguous land base of 25 sections (approximately 16,000 acres)
?25+potential drilling locations
https://www.goldnevresources.com/assets/pdf/Goldnev_Corporate_Presentation_January_2011.pdf
https://www.goldnevresources.com/