From Canada Energy Patners' release:
"Canada Energy Partners Inc.'s (CE) joint-venture operator of the Peace River deep prospect has made the decision to drill the Portage C-20-E/94-A-4 well horizontally in the Montney formation. This decision was based, in large part, upon significant gas shows that were encountered in the Doig and Montney formations during the recent drilling of the vertical portion of this well. Horizontal drilling operations will begin immediately."
In addition to Canadian Spirit Resources Inc. (SPI), CE, SPI's neighbor to the south, also has encountered siginificant gas in the Doig and Montney Formations. This lends further credence to SPI's belief that they will achieve success from both the lower and upper portions of the Montney and the lower Doig Formation.
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