Forest Oil + Nikanassin

FST release:

"Canadian Deep Basin Nikanassin Play
Forest announced today the results from its initial 10-well program in its Canadian Deep Basin Nikanassin Play which had average 24-hour initial test rates of 14 MMcfe/d per well and the addition of 43,000 gross and net acres in the play. Forest now has 105,000 gross (64,000 net) acres in the Canadian Deep Basin Nikanassin Play, bringing its total acreage in the Canadian Deep Basin to 184,000 gross (105,000 net) acres. With 10 straight successful wells in the Nikanassin utilizing new fracture stimulation technology, Forest believes it has validated the repeatable nature of the play. This repeatability has allowed for the creation of an additional core development drilling program for the Company in the Deep Basin, targeting Cretaceous sand formations, with the Nikanassin as the anchor formation."

Next big thing found in Alberta's Deep Basin