Maybe they will be announcing drill locations... from MD&A for three months ending July 31 2014. Always do your due diligence... GLTA
J5 PROPERTY, MILTON, SASKATCHEWAN
Up to six vertical Bakken well locations have been identified by seismic, and are included in Phase 2 of the KDMC Agreement.
MANOR PROPERTY, SASKATCHEWAN
There is room for up to four development wells on the property that are included in Phase 1 of the KDMC agreement.
WHITEWATER PROPERTY, MANITOBA
There is room for two development wells on the property, which are included in Phase 1 of the KDMC Agreement.
J07 PROSPECT, INGOLDSBY, SASKATCHEWAN
Up to 6 horizontal development wells have been included in Phase 1 and Phase 2 of the KDMC agreement.
J1 PROSPECT, ROSEBANK, SASKATCHEWAN
Petro One has planned a northwest-trending horizontal development well to target the seismic amplitude anomaly. The proposed horizontal well has a similar structural elevation and better 3D seismic amplitude response than a vertical well producing from the Frobisher 200 metres south of the Rosebank property that has produced more than 188,000 bbl of oil to date. The planned well has been included in Phase 1 of the KDMC agreement.
J4 PROSPECT, SOUTH RESTON, MANITOBA
Based on the evidence, the Company has proposed a 3-month production test of the SR-1 vertical well, to be followed by horizontal drilling if the test proves successful. This production test has been included in Phase 1 of the KDMC agreement, and provision has been made for up to 17 horizontal wells in Phase 2 of the KDMC agreement.
Three additional horizontal drill targets have also been identified in the overlying Tilston formation in the southeast corner of the property, where a horizontal producer in the South Pipestone oil field 450 metres east of the property had a 3 month initial production of 406.7 bopd. These three Tilston drill targets are included in Phase 2 of the KDMC agreement.
J10 PROSPECT, BROMHEAD, SASKATCHEWAN
Having earned an interest in the southwest quarter of the Bromhead property by drilling the discovery well, ARC decided to drop its option on the remainder of the property, but indicated an intention to conduct additional drilling on its earned quarter in 2014. Under the terms of the agreement, Petro One would own a 10% GORR on all additional wells, convertible at Petro One's option to a 30% working interest after payout.
On the remaining three quarters of the Bromhead property that is 100% owned by Petro One, seismic has indicated several more low risk horizontal development drilling locations close to the farmout discovery. These locations should be amenable to cost-effective open hole completions. Up to 5 horizontal Frobisher development wells have been included in Phase 2 of the KDMC agreement.
J3 PROSPECT, KIRKELLA, MANITOBA
Bakken production in the immediate area confirms that the 100% owned J3 property has good dual-zone potential. Up to 3 vertical wells at Kirkella have been included in Phase 2 of the DMC
agreement.
J9 PROSPECT, COVINGTON, SASKATCHEWAN
No wells listed.
J12 AND 13 PROSPECTS, HARDY-MINTON AREA, SASKATCHEWAN
No wells listed.