Terra Energy announced today that they will be making a "strategic push into the Montney Fairway in Northeast British Columbia." They own 17 net sections of land in the Farrell Creek area and will be targeting the Montney and Doig formations. The land is adjacent to and in close proximity to Taliman Energy's land and very near Canadian Spirit Resources Inc.'s (SPI) land. Terra's lands are "in close proximity to several high rate Montney horizontal tests." Terra hopes to advance the project to the commercial development stage. "The Company is now conducting preliminary engineering work to construct a 30 MMCF/day gas processing plant in the Farrell Creek/Altares area."
Terra's activity is more evidence that the Montney Fairway in the Farrell Creek area is a hotbed for exploration activity and another sign that SPI is located in the middle of one of North America's hottest natural gas plays.
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