Black Spruce Exploration hopes to start work program in April of 2014

Frank
Frank Gale
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CAPE ST. GEORGE Black Spruce Exploration plans to start a work program at Garden Hill in Cape St. George in or around April of 2014.

That information was provided in an update to Enegi Oil Plc from Black Spruce Exploration concerning its activities in western Newfoundland.

Black Spruce indicated in a prepared release the commencement of this program, along with the drilling of a well on Parcel EL1116 located offshore in St. George’s Bay, is its operational priority.

The company is currently seeking to obtain the required permissions from the regulators and to date the work program remains on schedule.

Black Spruce emphasized the recently announced moratorium with respect to hydraulic fracturing has no effect on these operational plans, which are targeting conventional plays.

In order to ensure that the drilling rig to be used in Newfoundland is fit for the purpose for all the planned wells and in order to minimize downtime once the overall program commences, Black Spruce has been undertaking certain modifications to the drilling rig, and expect those modifications to take a further eight to 10 weeks to complete.

Following this, the company intends to mobilize the rig to Newfoundland and obtain the final approvals required to commence the planned drilling program at Garden Hill in accordance with the schedule.

Enegi Oil Plc expects further production from a well known as ST-3 on Garden Hill in the meantime, and that company is currently in discussion with Black Spruce Energy on a plan to manage production during the upcoming drilling program.

Organizations: Enegi Oil Plc

Geographic location: Garden Hill, Newfoundland

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  • Lonewolf
    December 23, 2013 - 18:19

    Another company wasting shareholders money exploring for oil when they will never be allowed to drill for it because of pure stupidity. I won't be investing in this company .