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Vulcan Minerals Inc. (CVE:VUL) has started its core drilling program at the Flat Bay oil deposit in western Newfoundland.
Vulcan Minerals Inc. (TSXV:VUL) has started its core drilling program at the Flat Bay oil deposit in western Newfoundland.
The press release is quoted as saying:
The Flat Bay oil deposit has been encountered at a depth as shallow as 100 metres. The purpose of the program is to obtain core for reservoir engineering purposes and help delineate the boundaries and structure of the oil pool towards a better understanding of the potential oil-in-place. The program is expected to be completed in four weeks.
The shallow Flat Bay oil deposit occurs in low permeability conglomerates and sandstones. Although the oil is light, at 34°API, it has a pour point of 9°Celsius, which exceeds the reservoir temperature at the depths currently intersected. Therefore, the oil does not flow freely. An input of energy into the shallow reservoir will be required to stimulate flow. The current drill program should provide additional reservoir information to help design an oil recovery method.
Click here to access the entire press release
