Transerv to explore holdings in Canadian unconventional plays

By OGJ editors

Transerv Energy Ltd., West Perth, said it plans to drill exploratory wells starting about midyear in the Duvernay and Rock Creek plays to assess its Canadian unconventional oil and gas assets.

The company also has interests in the Montney and Mannville plays, where it anticipates drilling starting during this year’s second half.

Stephen Keenihan, Transerv managing director, said the Australian firm plans to issue shares to raise an anticipated $5.4 million to finance its Canadian exploration programs.

“The time has now come for the company to confirm the enormous potential of these assets,” Keenihan said.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...