XCD 0.00% 1.1¢ xcd energy limited

News: XCD Xcd Energy Seeks Trading Halt, page-3

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    Both the Harrier and Merlin Prospect at Peregrine are targeting the shallow Nanushuk play at around 4,300ft and 3,400ft, respectively, and can potentially be drilled using a smaller drilling rig, something that XCD is assessing. The Harrier Deep Prospect would require a standard north slope drill rig to reach the Torok target (~10,000 ft) but would intersect both the shallow Nanushuk and the deeper Torok objectives in the same wellbore.

    https://finfeed.com/small-caps/energy/xcd-energy-new-arrival-north-slope-confirms-16-billion-barrel-prospective-oil-resource/?utm_campaign=XCD-20200121&utm_source=twitter.com&utm_medium=social

    This shallow drilling rig option removes the summer permafrost thaw issues


 
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