Deposits

The Bakken Formation has fast become the hottest onshore oil play of this decade, revitalizing considerable interest throughout the Williston Basin.

Recent activity in Montana, Manitoba and now North Dakota and Southeastern Saskatchewan opens a vast productive fairway. The Middle Bakken siltstones and sandstones are sandwiched between the best known source rocks in the Williston Basin. We recognize three distinct petroleum systems-based play types: overpressured (basin-centered oil), transitional (within mature source rocks) and migrated.

The play holds the promise of 3.6 billion barrels of technically recoverable oil south of the border1 and 1.3 billion barrels in Southeastern Saskatchewan2. With substantial variations in facies and reservoir properties, each play type requires its own technological key to

Bakken Play is Huge!!

The Bakken oil play stretches across Montana, North Dakota and into Southeastern Saskatchewan. We're talking about some potentially massive reserves of oil, too. The amount of oil in place has, most recently, been estimated between 271 billion and 503 billion barrels of oil.

Even if we take the lower estimates, that's still a huge amount of oil, far more than the 36 billion barrels of oil believed to be in Alaska's North Slope. Let's just say that North Dakota oil production has been growing significantly. Crude oil production has been strong, up to about 40 million barrels in 2006. That's roughly a 20% increase since 2004.

Saskatchewan is setting up to be a serious force in the Canadian oil industry. Underneath the south eastern section of Saskatchewan is part of the Bakken formation. The entire Bakken play lies underneath south eastern Saskatchewan, western Manitoba and North Dakota.

Oil @ $225.00 per barrel

West-central Saskatchewan, which is considered to have great potential for future production, is estimated to be 25 billion barrels of oil in place.

The huge potential of the Bakken play has industry and government officials gushing with superlatives.

The Bakken is the hottest play in Western Canada, and Crescent Point Energy Trust of Calgary, one of the top three players in the Bakken in Saskatchewan.

Petrobank Energy and Resources, Painted PonyPetroliem, Panterra Resources, all have large tracks of land, with large number of target drill.