Light Oil Montney Play
Blacksteel has an interest in a light oil Montney resource play in the Girouxville area of Alberta (the “Property”).
The Property consists of approximately 35 barrels of oil per day, 15 sections of land (9,600 acres) with up to 30 meters of oil pay and 200+ million barrels oil in place.
Blacksteel holds a 30% working interest in the Property while the operator, Drakkar Energy Ltd. (“Drakkar”) holds the remaining 70% working interest.
Historically, the property has been underdeveloped due to capital constraints. There are 27+ Montney horizontal development locations identified on the Property.