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Canadian Provides Update on Montney Shale

Source: www.gulfoilandgas.com 1/9/2014, Location: North America

Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) announces the completion of its process of exploring options to monetize or joint venture a portion of its Montney acreage in the liquids rich fairway of Northeast British Columbia. As part of the review process, third party evaluators established contingent resources of approximately 6.7 TCFe on the relevant acreage. Canadian Natural received a number of expressions of interest on the acreage; however, none of the expressions were of sufficient merit to complete a transaction at this time, and as such, the Company has elected to retain the acreage, maintaining one of the largest Montney land positions in Western Canada with over one million net acres.

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Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

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