Celtic Exploration Ltd CEXJF

July presentation

[teevee]

The July presentation is interesting. CLT has lots of Duvernay rights. Other players in the area include: Shell, Talisman, CNQ, BP/Apache, ConocoPhillips, Exxon. CLT is drilling a Duvernay well now. With over 90 sections in the play, if CLT hits, it could be interesting. Shell and Talisman already each have a Duvernay discovery in the Kaybob area.

[raggetyjack]

I'm thinking the Duvernay test is a success by the increase in interest and price of late. Yoho and Trilogy are also testing and should be out with results this month.Orleans Energy also has 54 sections of Duvernay and are waiting along with a host ofothers to see the results.I'm guessing the big land sales went to CNRL, Husky, Talisman or like operators.Very early in this play but the