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Introduction

Western Divestments has been retained by Petro One Energy Corp. (a wholly owned subsidiary of Goldstrike Resources Ltd.) to market the company‚Äôs oil and gas asset in the Milton area of Southwest Saskatchewan (Map 1). The Milton Asset consists of PNG Rights, wells and associated surface facilities.   

  • Low risk, Viking light oil (30 API), development potential on major resource play fairway
  • Proven production from Viking Formation with offsetting additional prospective horizons
  • Property is under Saskatchewan jurisdiction
  • Recent reserve evaluation completed on package
  • Significant low risk development drilling opportunity base including:
    • 5 unbooked horizontal locations
    • Seismically defined deeper targets
  • Significant body of technical work completed on the property including detailed reservoir characterization, seismic interpretation and mapping

MAP 1
MAIN PROPERTY
MILTON, SASKATCHEWAN
VIKING