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Artisan Energy Corp Announces Joint Venture And Expanding Southern Alberta Lands Prospective For Bakken Oil Production


Monday, 16 Sep 2013 08:00am EDT 

Artisan Energy Corp announced that it has entered into a Joint Venture with a Calgary based intermediate oil producer to pursue and test opportunities on Southern Alberta lands prospective for Bakken oil production (the Joint Venture). The Joint Venture area encompasses approximately 65,000 acres of prospective crown lands. Terms of the Joint Venture allow for Artisan to participate with a 30% working interest in future land acquisitions and joint activities including but not limited to the deepening of existing wellbores for the purpose of testing the Bakken. Pursuant to the Joint Venture, Artisan acquired 830 net acres of crown land at the September 11, 2013 sale. 

Company Quote

0.185
0.0050 +2.78%
25 Jul 2014