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| NIOBRARA | PERMIAN | PICEANCE/UINTA | POLAND | UTICA | WOODFORD | AUSTRALIA | COMPLETIONS |
Progress Energy Resources Corp., Calgary, (TSX: PRQ) has executed a binding framework agreement to create a strategic partnership with the Malaysian national oil company, Petronas, to develop a portion of Progress' Montney shale assets in the Foothills of northeast British Columbia. Progress will sell 50% of its working interest in its Altares, Lily and Kahta properties ...
The purpose of the project is to process shale gas produced from British Columbia’s North Montney region into LNG that is suitable for export.
Lone Pine holds a 100% operated working interest in 52,202 acres at Pointed Mountain in the Liard Basin.