Rigzone reported that Blue Horizon’s 100% owned subsidiary, Blue Horizon Energy has completed a transaction with a private oil and gas company pursuant to which it acquired a 100% interest in 4,160 acres of non-producing petroleum and natural gas rights located in the Haro, Alberta and Waskada, Manitoba areas.
Rigzone reported that Blue Horizon’s 100% owned subsidiary, Blue Horizon Energy has completed a transaction with a private oil and gas company pursuant to which it acquired a 100% interest in 4,160 acres of non-producing petroleum and natural gas rights located in the Haro, Alberta and Waskada, Manitoba areas.
As quoted in the market news:
The acquisition of the 100% interest in the petroleum and natural gas rights underlying the six sections of land at Haro Alberta and the half section of land in the Waskada area of Manitoba allows Blue Horizon Energy to uniquely position itself to cost effectively potentially establish light oil reserves adding to the Company’s diversity in the energy sector. This acquisition has set the stage for Blue Horizon Energy to drill horizontal wells in areas where a number of major oil and gas companies are already operating. The Corporation will initially focus on horizontally drilling for oil in the prolific Spearfish formation in Manitoba where licensing and permitting of the first new drilling location has been initiated in anticipation of meeting the Corporation’s target to horizontally drill, complete and fracture a minimum of two horizontal wells by April 2012.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1801.89 | 0.00 | |
Silver | 20.82 | 0.00 | |
Copper | 3.68 | -0.03 | |
Palladium | 2224.19 | 0.00 | |
Platinum | 965.47 | 0.00 | |
Oil | 91.88 | -2.46 | |
Heating Oil | 3.51 | +0.03 | |
Natural Gas | 8.78 | -0.09 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured {{ post.primary_section_name }} Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â