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Parsons Pond could still produce yields

James Conliffe, researcher with the provincial government, speaks during the Western Newfoundland and Labrador Oil and Gas Symposium Friday.  — Star photo by Paul Hutchings

James Conliffe, researcher with the provincial government, speaks during the Western Newfoundland and Labrador Oil and Gas Symposium Friday. — Star photo by Paul Hutchings

Paul  Hutchings
Published on September 15, 2012
Published on September 14, 2012
Paul Hutchings  RSS Feed
Topics :
Western Newfoundland and Labrador Oil , Parsons Pond , STEADY BROOK , Newfoundland

STEADY BROOK  Dr. James Conliffe, project geologist with the Geological Survey of Newfoundland, took part in the Western Newfoundland and Labrador Oil and Gas Symposium at Marble Mountain Friday.

Presenting on history of the use of integrated fluid inclusion studies in constraining the petroleum charge at Parson’s Pond, Conliffe said oil was generated in fractures hundreds of feet under the ground, even though the reservoir rock is not ideal.

His presentation showed that the first oil well was drilled in Parson’s Pond in 1867. Signs of oil were found in 1965 and in 2004 gas was encountered. Two wells were drilled in 2010.

Conliffe said there is no way to determine when oil could be generated out of the area.

“It’s one of those things,” he said. “You can drill 50-60 holes and go years without seeing anything, but I think it’s good that people are still involved and still want to know about it.”

He said he intends to continue research in this part of the province in the coming years.

Comments

  • Username
    David
    - September 15, 2012 at 12:25:46

    "....You can drill 50-60 holes and go years without seeing anything......" A very compelling investment idea. Step right up....who wants the next crack at such a deal?

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