Alberta Bakken - Much Potential

Alberta Bakken - Much Potential

Found a March 2011 report on the region and the players in that area.  The report is good background, considering it is now 5 months later.  Still, very useful, and I would recommend that investors in the area, should carefully digest the contents.

Extract from this report:

Technical factors in favour of the play:

1. source rock;

2. extensive hydrocarbon saturation;

3. in the oil window;

4. overpressure;

5. fracture enhancement;

6. reservoir;

7. formation penetrations;
8. log, core, cutting, and drill stem test analyses;

9. historical production precedents;

10. recent perforation and test sample;

11. recent production data; and

12. regionalization.

Industry factors that support the play:

1. land acquisition activity;

2. multiple parties;

3. multiple drilling licenses; and

4. Bakken-experienced operators.

Here is the link to the Scotia report on the Alberta Bakken:

http://Goombarh.fileave.com/Scotia_Alberta_Bakken_2011-03-10.pdf 

This report only serves to support my own conviction on the potential in this area.  I have purchased more shares of juniors in the area.

PS:  Found another recent Alberta Bakken presentation at June Petro-Geo Conference, available here:

http://www.cseg.ca/conventions/abstracts/2011/137-The_Alberta_Bakken.pdf