Curlew Lake has made a substantial seismic acquisition in the past two months in order to define several targets on prospects brought to the Company. Prospects have been developed that contain recompletion and infill drill locations as well as at least one high-impact exploration well in central Alberta. Reinterpretation of structural plays that are known in Alberta and attempting up-hole completions reduce drilling exploration risk. The Company acquired an interest in twenty sections of exploration leases at Steen River. Other companies have achieved production of oil and natural gas on the rim structure of the Steen River astrobleme. Read more
Curlew Lake Resources Targets Highly Prospective Oil Targets With Additional Land Acquisitions and Increased Interest Curlew Lake Resources Inc. announces the successful acquisition of an additional 14 sections (8,960 acres) of oil and natural gas leases on its Steen River Prospect in northern Alberta. This brings the Company's land position to a significant 20 section (12,800 acres) in a highly prospective area. Additionally the Company has increased its interest from 25% to 32.5%. The Steen River structure, located 700 miles north of Edmonton, is a meteorite impact crater producing from the outer rim up to 1000 b/d oil and 35 MMcf/d gas including 72 BCF gas reserves. The option lands are located on the untested central uplift; where drill logs indicate about a 1000 meter relief on the fractured basement high.
Steen River is an impact structure in Alberta, Canada. It is 25 km in diameter and the age is estimated to be 91 ± 7 million years (Lower Cretaceous). The crater is not exposed at the surface. The crater was partially eroded prior to burial, and lies under 200 m of sediments.