Stormhold Energy Ltd. (SEL) is a private Calgary based exploration company exclusively focused on developing the multi-zone light oil play in East-Central Alberta, west of the defined Provost pool, near Halkirk. Provost is the 3rd largest field in Alberta with light oil and liquids rich production history. This area has an existing infrastructure, access to services and a climate that allows for near year round drilling. SEL has accumulated an extensive inventory of 300 sections (192,320 acres) of Crown Lease Mineral Rights with multi-zone potential.
Development of Shallow Zones (Viking, Mannville, Banff/Bakken & Exshaw). The area is in second generation development having been extensively vertically drilled for shallow targets. Horizontal drills with multi-stage fracturing will be used to target these highly delineated formations. This technology is proven to unlock previously uneconomic tight clastic and shale reservoirs. In excess of 750 locations have been identified for re-entry and re-completion, over 250 of which are cased. This is a low risk and cost effective liquids production strategy that will be largely developed through farm out agreements with joint venture partners.
Exploration & Development of Deeper Formations (Beaverhill Lake, Elk Point, Cambrian and Granite Wash). These deeper formations are present across virtually all of Stormhold’s leases. Extensive analysis has been done on three wells previously drilled to a Cambrian TVD and well log and core data is extremely prospective. Analyses of drill cuttings and swab samples from Stormhold’s 6-34-37-17W4 location indicate that the Cambrian shales are a potentially producible source rock for medium grade oil. A 500m horizontal leg is planned for the 6-34 well that will penetrate and test-produce uncontaminated Middle Cambrian oil shale beyond the possible influence of any vertical well bore damage.