Stock Ticker: FEN-V
Date 2/3/2012   Day High 0.14
Last 0.13   Day Low 0.125
Change 0.00   Volume 571892
 

Forent’s balanced operations strategy includes short-term, lower-risk oil development drilling in Western Canada; medium-term, high return Nova Scotia Reef oil exploration; and long-term, very high return Nova Scotia shale gas development.

Western Canada Nova Scotia

Forent’s operations at Ferrybank, Caroline, Provost, Huxley, Richdale, Alberta and Mervin Saskatchewan produced an average of 250 boe/d in Q1 2011, weighted 71 percent to oil. Forent’s Western Canada properties hold heavy oil development drilling targets, plus an inventory of low-cost well optimization candidates.

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Forent holds an operated, 100 percent working interest in the 514,000-acre Alton Block. The Alton bock has a 200 square mile oil reef fairway with the potential for 10-15 reefs with 31.4 mmbbls OOIP per reef, plus a 240 square mile shale gas fairway with the potential for a multi-TCF gas play.

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