Samson Oil & Gas Limited announced that the Leonard #1-23H well had reached a depth of 10,137 feet, penetrating the Bluell Formation objective and was logged. The evaluation of these logs suggested that there was insufficient porosity developed in the objective to justify drilling a horizontal lateral. Leonard #1-23H (10%...
Samson Oil & Gas currently produces around 100 BOPD (gross) from a horizontal well placed in the Bluell Formation of the North Harstad oil field which is located in the central part of the Williston Basin. This well has been on production for 15 months and has demonstrated the...
North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation. A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency’s...
The Bakken oil formation, which stretches across North Dakota, Montana and southeastern Saskatchewan, is suddenly drawing worldwide attention. On Thursday, April 10, the U.S. Geological Survey (USGS) published an official study on the massive Bakken reserve. Among the agency’s findings: * Up to 4.3 billion barrels of oil could be...
The Bakken oil formation, which stretches across North Dakota, Montana and southeastern Saskatchewan, is suddenly drawing worldwide attention. On Thursday, April 10, the U.S. Geological Survey (USGS) published an official study on the massive Bakken reserve. Among the agency’s findings: * Up to 4.3 billion barrels of oil could be...
There’s been speculation for years about a western North Dakota formation known as the Bakken Shale. The formation extends into Montana and Canada. Geologists have estimated the area holds hundreds of billions of barrels of oil. The problem has been how to get that oil out of the ground. It’s...
The Bakken oil formation, which stretches across North Dakota, Montana and southeastern Saskatchewan, is suddenly drawing worldwide attention. On Thursday, April 10, the U.S. Geological Survey (USGS) published an official study on the massive Bakken reserve. Among the agency’s findings: * Up to 4.3 billion barrels of oil could be...
Nickel prices vaulted up by 5 percent on Friday as Inco Ltd. said it was starting an “orderly shutdown” of its Voisey’s Bay nickel mine in Canada after workers walked out. Some 120 employees of a total workforce of 420 walked out at midnight at Voisey’s Bay, one of the...
An ongoing strike in the French Overseas Territory of New Caledonia, primarily over the employment of Filipino workers on the construction of Inco’s Goro Nickel operation, has been seriously impacting that country’s nickel exports. The strike has been going on for three weeks now and has forced the country’s...
Junior explorer Strike Resources Ltd says it is in discussions for the possible sale of its iron ore interests in Peru, and in talks with steelmakers for potential supply. Strike revealed the discussions after the Australian Securities Exchange queried a sharp rise in the company’s share price, when it jumped...
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