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Alton Block
- 740,000 acres
- Forent has 100% working interest and a three year exploration license
- Maritimes & North East natural gas pipeline runs through Alton and has spare capacity
- 10% flat royalty after initial 2 year production royalty holiday
Hydrocarbon Potential
- Numerous oil and gas shows have been detected throughout the block
- Gays River reservoir rocks and Horton organic shales are seen at outcrop on the block
- Forent anticipates up to 15 Gays River reef drilling targets each with a P-mean reserve size of 31MMBBL
- Alton directly neighbors recently awarded Horton shale gas production lease on the Windsor concession and estimates up to 140,000 acres of Horton shale gas acreage
Beech Hill Block
- 460,000 acres
- Forent has 100% working interest on a three year exploration license
- Maritimes & North East pipeline runs through southern edge of concession and has spare capacity
- 10% flat royalty after initial 2 year production royalty holiday
Hydrocarbon Potential
- Oil seeps and gas shows have been detected on the block
- Petroliferous Gays River reservoir rocks and both oil and gas prone Horton organic shales are seen at outcrop on the block
- Further drilling and seismic required to delineate
