At Montgomery, Forent holds an interest in 23.5 gross sections and covered by Forent’s proprietary 3D seismic survey. Hydrocarbon potential has been identified in the Second White Specked Shale (2WS), Sunburst, Cardium, Barons, Glauconite and Ellerslie Formations.
On trend and directly offsetting Forent’s lands is the 06-06-12-28W4 well which produced 1.5 million barrels of oil from the 2WS over several decades. Forent’s interpretation of its 3D seismic survey in conjunction with partner funded exploration wells has validated the fractured SWS exploration model. Fracturing is responsible for the superior performance of the 06-06 well. We have identified four separate naturally fractured trends on our 3D seismic survey.
The completion results of the 14-12 well indicate one of these trends was drained by the 06-06 well. The remaining three trends are undrilled.
Forent holds a 100% working interest in 54 sections of land in the Heathdale area with P&NG rights from surface to basement, and an additional 19.5 sections of land with varying working interests.
The area has shallow multi-zone oil potential in the Banff, Detrital, Glauconitic and Lithic Mannville Channels, and natural gas potential in the Colony, Viking, 2WS and Belly River Formations.
Recent drilling activity at Heathdale has focused on horizontal wells in the Glauconitic and Detrital Formations. The Company has identified two locations on its lands, targeting bypassed oil pay in each of the Glauconitic and the Detrital. Forent has mapped multi-well follow-up potential on eight sections of land for the Detrital prospect and four sections of land for Glauconitic potential.