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Canadian Quantum Energy Corporation (CVE:CQM) reported that with the help of Sundance Energy Corporation, it is preparing to drill an initial test well, on 27 sections of land underlying the Alexander First Nations reserve.
Canadian Quantum Energy Corporation (TSXV:CQM) reported that with the help of Sundance Energy Corporation, it is preparing to drill an initial test well, on 27 sections of land underlying the Alexander First Nations reserve.
The press release is quoted as saying:
The test well is targeting the Alexander Sand, Detrital and Wabamin formations. The Alexander First Nation lands have the potential for multi-zone light oil and natural gas production at relatively shallow depths with existing infrastructure in the area. Drilling operations are scheduled to commence late November, 2011.
Canadian Quantum Energy Corporation’s President and CEO, Douglas Brett stated:
“Commencement of operations on both of our Alberta projects this fall will provide shareholders with relatively quick results on these two plays that are both targeting light oil.”
Click here to access the entire press release
