[Ost-news] Beaufort find is oil, not gas

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Beaufort find is oil, not gas

Devon Canada gas hunt yields oil; company seeks partners; oil poses challenges  
By Gary Park  
For Petroleum News

Devon Canada has posted the first oil find in the Canadian Beaufort Sea in 25 years — a twist of fortune for the company which had been hoping for trillions of cubic feet of gas to spur progress on the Mackenzie Gas Project.

“We had expected gas, so we are somewhat surprised, but this is a lot better than just water,” Dennis Johnston, Devon Canada’s frontier exploration manager, told Petroleum News.

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    [1]: http://oilsandstruth.org/beaufort-find-oil-not-gas

URL: http://oilsandstruth.org/beaufort-find-oil-not-gas