Western Newfoundland Operations
Located on the east coast of Canada, Western Newfoundland is one of North America's most under-explored areas, with high-impact, long lived reserve potential. Since the Port Au Port discovery in 1996 at Garden Hill, CIVC has lead the way in exploration and development in the region.
CIVC's major time investment in the Port au Port area has garnered it a reputation as an expert in Western Newfoundland petroleum potential. The introduction of various technologies and continued studies, along with renewed and new partnerships, has reaffirmed the confidence shareholders and stakeholders have in the potential of this area.
Located on the east coast of Canada, Western Newfoundland is one of North America's most under-explored areas, with high-impact, long lived reserve potential. Since the Port Au Port discovery in 1996 at Garden Hill, CIVC has lead the way in exploration and development in the region.
CIVC's major time investment in the Port au Port area has garnered it a reputation as an expert in Western Newfoundland petroleum potential. The introduction of various technologies and continued studies, along with renewed and new partnerships, has reaffirmed the confidence shareholders and stakeholders have in the potential of this area.
Southern Alberta Operations
The play in Western Newfoundland is characterized as being high impact (i.e. high risk and high potential reward). Western Newfoundland is also a high cost operating area with individual wells costing in the order of $15 million. While Western Newfoundland has been, and continues to be, an area of focus for the Company, a conscious decision was made in 2006 to initiate activity in Southern Alberta to provide a more balanced portfolio of opportunities.
In South Alberta, the Company is pursuing a regional shallow gas play based on an innovative geological concept and the application of geophysics and geochemistry to identify prospects. South Alberta was chosen because of the exceptional petroleum endowment of the basin and the well developed individual infrastructure. The Company also chose to enter Alberta during a down-cycle in the gas business which had the effect of reducing prices for land acquisition and services.
The Company's activities to-date have concentrated on geological and geophysical mapping in order to identify preferred areas for land acquisition. The resulting cycle of land acquisition has provided the Company with a land base of some 70 Sections (net) or a total of 44,800 acres.
Recently, the Company has drilled 5 shallow test holes as a proof of concept exercise to see if its geological concept is valid and if its exploration tools are working. Three of the 5 holes encountered natural gas while the 2 that did not were, in the opinion of the project explorationist, not drilled deep enough due to regulatory constraints. The Company considers the initial phase of the play, land acquisition and experimentation, to be complete.
The next phase is to aggressively pursue commercialization of the land base and prospect inventory. It is the Company's preference to undertake this next phase in association with other operators or financial interests.
In South Alberta, the Company is pursuing a regional shallow gas play based on an innovative geological concept and the application of geophysics and geochemistry to identify prospects. South Alberta was chosen because of the exceptional petroleum endowment of the basin and the well developed individual infrastructure. The Company also chose to enter Alberta during a down-cycle in the gas business which had the effect of reducing prices for land acquisition and services.
The Company's activities to-date have concentrated on geological and geophysical mapping in order to identify preferred areas for land acquisition. The resulting cycle of land acquisition has provided the Company with a land base of some 70 Sections (net) or a total of 44,800 acres.
Recently, the Company has drilled 5 shallow test holes as a proof of concept exercise to see if its geological concept is valid and if its exploration tools are working. Three of the 5 holes encountered natural gas while the 2 that did not were, in the opinion of the project explorationist, not drilled deep enough due to regulatory constraints. The Company considers the initial phase of the play, land acquisition and experimentation, to be complete.
The next phase is to aggressively pursue commercialization of the land base and prospect inventory. It is the Company's preference to undertake this next phase in association with other operators or financial interests.
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In the case of the West Coast Newfoundland play, Canadian Imperial Venture Corp. is following in the footsteps of Hunt Oil of Texas and PanCanadian (now EnCana) of Calgary, Alberta who developed the play concept and spearheaded the initial round of exploration in the early to mid-1990’s.
Excellent reviews of these activities can be found in the Proceedings of the 1994 NOIA Annual Conference (Max Perkins), the Oil & Gas Journal of February 15, 1999 (Weissenberger and Cooper) and Bulletin of the AAPG of March 2001, (Cooper et al).
For more information, please click on the link below below
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Excellent reviews of these activities can be found in the Proceedings of the 1994 NOIA Annual Conference (Max Perkins), the Oil & Gas Journal of February 15, 1999 (Weissenberger and Cooper) and Bulletin of the AAPG of March 2001, (Cooper et al).
For more information, please click on the link below below
Click Here
