🕐27.05.10 - 20:38 Uhr

Alberta Basin Bakken/Eckshaw Land Sale Results for May 23



Oil - Southern Alberta land prices continue to increase on potential Exshaw/Bakken oil play moving up from Montana.

Early this year (Jan 17, 2010 Energy Tidbits), we highlighted the Alberta Basin oil play in Montana noting the focus from players such as Newfield and Rosetta in this potential Bakken and Exshaw oil play in northern Montana and that the players hadnt noted how far the play went into Alberta.

We subsequently highlighted Quicksilvers movement in this play.

Two weeks ago, we noted the high land sale prices on the border in the April 21 land sale, and this weeks land sale, GMPs Oil & Gas Analyst Peter Doig noted that there were more high prices paid on the border, with prices now up to $1,953/hectare, [$4825/acre] and the upcoming land sale postings.

The lands bought were under broker names, but the likely candidate is probably someone like Quicksilver.

We attached Peters map with the land sale prices.



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