re: canadian gas find Here is another News Report:
Shell Canada announces major natural gas discovery in central Alberta
CALGARY, Dec 08, 2004 (Canada NewsWire via COMTEX) -- Shell Canada announced
today a major natural gas discovery on a previously untested structure located
30 kilometres southwest of Rocky Mountain House in central Alberta.
An exploration well, Shell Tay River RicinusW 2-6-37-10-W5 (Shell Canada Limited
75 per cent, Mancal Energy Inc. 25 per cent), was drilled on a previously
untested Leduc reef feature analogous to the nearby Ricinus West field. The well
was drilled to a depth of 5100 metres and encountered approximately 140 metres
of net pay. Test data indicates that the well will be capable of a restricted
flow rate of 30 million cubic feet per day through existing 3.5 inch tubing.
Based on seismic evaluation, pressure and well data, Shell estimates that this
new feature could contain in the range of 500 to 800 billion cubic feet of
original raw gas in place. The raw gas contains approximately 60 per cent
methane and 35 per cent hydrogen sulphide. Additional drilling and production
information will be required to confirm the amount of gas in place and recovery
factors.
Ian Kilgour, Senior Vice President of Exploration and Production, Shell Canada
said, "Our Foothills exploration team used sophisticated technology and know-how
to map, successfully drill and test a new and significant structure in a basin
that is generally considered mature. This is one of the largest gas discoveries
in Western Canada in recent years and related economic benefits will be
important to both Shell and the Province of Alberta."
The discovery well is in the vicinity of existing sour gas processing facilities
with capacity to handle incremental volumes, and is expected to be tied-in and
producing by mid-2005. Further delineation drilling is also planned during 2005.
Clive Mather, Shell Canada's President and CEO, said, "The objective of our
ongoing exploration effort in the Alberta Foothills has been to find and develop
additional gas to maintain production from existing fields, and we've had good
success with that program over the years. This significant and exciting new
discovery could take us beyond that objective and contribute to the future
growth of our natural gas business."
Visit Shell's web site: www.shell.ca
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