OTCPK:VGIPF - Post by User
Post by
peiislanderon May 01, 2013 6:49pm
171 Views
Post# 21326365
Own land in the Viking
Own land in the Viking Penn West is the main operator on my land but there are other operators: Novus, Renegade, Raging River, etc. Renegade has used a strategy of placing their wells next to Penn West in some cases - kind of funny. Penn West has a couple of test wells to see how many layers of oil are in the Viking. At present, companies are drilling around 700m but there is some chatter of three layers of oil in the formation with a large deposit of heavy oil at lower depths.
Newalta is building a new waste facility near Avonhill and Gibson is building storage. It is an interesting area.