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

Frontier (TSX: IFR, OTC: IFRTF) More Acreage where Newfield and Rosetta Hitting!

http://finance.yahoo.com/news/Frontier-Increases-Its-Fee-ccn-4250049300.html?x=0&.v=1

Frontier Increases Its Fee Acreage Position in NW Montana to 22,680 Acres

Thursday July 28, 2011, 9:00 am

. . .

"To date there have been 34 wells licensed, or drilled, in townships where Frontier owns fee acreage, the wells are being drilled by Anschutz, Newfield and Rosetta.

The majority of the Company's acreage is currently under lease to operators drilling in the Blackfeet Reserve, the leases reserve in favor of Frontier gross overriding royalties ranging from 12.50% to 18%. The operator's leases expire at various times over the period 2012 to 2016, to continue a lease beyond the expiry period the operator is required to establish production from the lease. Frontier's fee lands do not expire."

Gotta luv this when, drillers hitting and you hold the land next to them!

Note:  IFR does not hold the direct lands where Rosetta and Newfield are drilling, but close by!

Looks like a keeper, more and more.

Good Luck all!

More Dope on International Frontier Resources IFR, IFRTF

PS:  more dope on this:

http://www.siliconinvestor.com/readmsg.aspx?msgid=27521637

From: czechmate

7/27/2011 12:29:26 PM

Read Replies (1)  of 6058

Alright, I have posted on here previously on IFR, rumour has it that Rosetta well hit 2300 bbls, IFR has royalties on this and other drillers in area...... its all in this presentation..........

http://www.internationalfrontier.com/i/pdf/Presentation.pdf

To: czechmate who wrote (6051)

7/27/2011 12:38:13 PM

From: diddlysquatz

Read Replies (1)  of 6059

I'm in IFR.V as well thanks to you Czechmate and I have heard the same type of rumour of Rosetta success. If it proves to be true IFR ground skyrockets in value. IFR land was purchased for about $180 an acre. MVW.V just purchased some land east of IFR for about $1600 per acre. 

If Rosetta has hit this kind of well then IFR land should be worth much more than $1600/acre. IFR has 17,000 acres in the area. Doing the math gives a much higher share price.

HOT TIP - International Frontier Resources - TSX: IFR, OTC: IFRTF

Goombarh Flash 27,  July 27, 2011

International Frontier Resources - TSX:  IFR, OTC:  IFRTF

Good Morning,

May have found a good tip:

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_R/threadview?m=tm&bn=27692&tid=1152&mid=1219&tof=1&rt=2&frt=2&off=1

According to the Rocky Mountain Oil Journal, a confidential source who had access to Rosetta's field report states Rosetta's first vertical well, Tribal Gunsight #31-16H in Glacier County, "well tested at 1200 barrels per day".

Now, I don't normally pay any attention to tips, but I hold Primary Petroleum (TSX:PIE, OTC:PETEF), which is halted, since it was moving up without news earlier this week.  Still halted with no news whatsoever.  Primary holds large acreage just below Rosetta in Montana.  Rosetta is a $50 stock.

Sniffing around, I found Mountainview was halted previously as well.  They are right next to Primary.  And Petrohawk was bought out few weeks ago.  So all this speaks of frenzy in oil patch, perhaps under valued, and I know drillers are under valued. 

Enough digression, I decided to venture a bit of spec funds into International Frontier and have bought.  IFR holds royalties in the area, particularly where Rosetta is, see this:

http://media3.marketwire.com/docs/531ifr_drilling.pdf

and this Frontier presentation:

http://www.internationalfrontier.com/i/pdf/Presentation.pdf

I am not recommending you do the same, I am only passing information onwards.  It is up to you as what you do with your money.  Good Luck to you.

Until next time,

Marco G.

http://goombarhsedge.blogspot.com/

http://seekingalpha.com/author/marco-g/articles