Forent Energy has completed the drilling and logging of its exploration well Alton #1 near the town of Stewiacke in Nova Scotia, Canada.
The company said the well, located in the 514,000 acre Alton Block, was drilled within the financial and time parameters scheduled before the spud and encountered the flank of a Gays River reef, a shaley dolomite, lying on a Meguma basement high.
Forent used seismic and gravity gradiometry interpretation for the well drilling, which identified several significant natural gas kicks.
Drilling also found live oil in the mud tank, indicating an active petroleum system and confirming that there are natural gas liquids or light oil associated with the natural gas.
The logs indicated minimal porosity and permeability near the well bore and the company does not anticipate production from this well, though future wells drilled into the same reef may be productive.
The well is currently cased and may be re-entered for further evaluation in the future.
Forent has a three-year exploration license in the Alton block from 2011 to 2014 with total tenure to April 8, 2020.
Twitter