Oilsands Quest Inc. declared that it’s considering a spinoff of its oil shale and other mineral assets. Oilsands president and CEO Christopher Hopkins declared: The Eagles Nest resource is similar to other in-situ Athabasca oil sands deposits, with a well developed Clearwater shale cap rock and is deserving of further delineation effort. For full story, [...]
Alberta Premier Ed Stelmach will declare natural gas drilling incentives Thursday as the industry struggles with depressed prices and increased shale gas development south of the border. For full story, click here
Trans-Orient Petroleum Ltd. said that AJM Petroleum Consultants has completed a Resource Assessment on the fractured oil-shale potential in New Zealand. Garth Johnson, Trans-Orient CEO, said: This report confirms our interpretation that the onshore East Coast Basin of New Zealand is highly prospective for a fractured oil shale play similar to the Bakken Formation within the Williston Basin [...]
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