Canadian Quantum Energy Corp., Calgary, has received all regulatory approvals and built location for the Sundance Alexander 16-11-56-27w4m well on the company’s Alexander First Nation permit northwest of Edmonton, Alta.
To spud on Mar. 3, the well is projected to 1,300 m to test for light oil in the Ellerslie, Detrital, and Wabamun formations.
The company has also permitted a 3D seismic program to be shot over 9 sq km of Alexander First Nation lands. Acquisition and processing are to be complete by the third week of March.
Canadian Quantum has 8,640 net acres on Alexander First Nation lands. It also has 360 net acres at Turin in southern Alberta and interests in 174,000 gross acres on four permits in the Quebec St. Lawrence Lowlands Utica shale play.