Forent Energy Ltd. has entered into a farm-out agreement for certain of its Montgomery, Alberta exploration assets. The Forent Montgomery assets include 29 contiguous sections of highly prospective land along with proprietary 3-D seismic.
Forent has completed a definitive farm-out agreement with BlackShale Resources, Inc., a wholly owned subsidiary of Houston based Kerogen Exploration LLC. BlackShale is a private company that specializes in identifying and exploiting unconventional oil and gas opportunities in Canada. After extensive assessment of regional opportunities in Western Canada, BlackShale chose Forent's Montgomery lands as one of its initial projects for light oil exploration.