NEWS BULLETIN

November 28, 2017 --- Vol. 23, No. 37November 2017

Doyon board sanctions Nenana basin exploration well

The board of Doyon Ltd. has sanctioned the drilling of a fourth exploration well, the Totchaket No. 1 well, in the Nenana basin, James Mery, Doyon vice president for lands and natural resources, has told Petroleum News. The drilling will take place during the summer of 2018, Mery said.

The drilling targets are prospects identified from a 64-square-mile 3-D seismic survey that Doyon conducted last winter in the more northerly part of the basin. The prospects lie in a combination of state of Alaska leases and Doyon owned subsurface. Doyon plans to drill the well to a depth of about 12,000 feet, penetrating the Grubstake, Sanctuary and Healy Creek formations.

Mery also commented that amplitude anomalies in the seismic data suggest the presence of hydrocarbons - natural gas or possibly light oil - at several levels in the subsurface.

"We see multiple prospects at several horizons," Mery said.

Doyon is particularly focused on finding oil but thinks that the basin likely also holds substantial volumes of gas. The seismic anomalies have the potential to be a game changer for the corporation, Mery said.

- ALAN BAILEY

See story in Dec. 3 issue, available online Friday, Dec. 1, at www.PetroleumNews.com


Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.PetroleumNews.com
S U B S C R I B E

CLICK BELOW FOR A MESSAGE FROM OUR ADVERTISERS.