Cumberland Oil & Gas Ltd. (TSXV:COG) announced a joint venture for an exploration program at its British Columbia-based West Nig property.
As quoted in the press release:
The Farmee has committed to drill, complete and production test a horizontal well (the “Test Well”) targeting the Upper Montney formation at a location of their choice. The Farmee will incur 100% of the costs of that operation and upon completion, will earn a 75% working interest in the Lands. The Test Well is to be drilled on or before August 1, 2012.
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