Trincan Capital Corp. has acquired approximately 1 3/4 Sections of land in North West Alberta in a recent Crown Land Sale.

Trincan has one hundred per cent working interest in the project.

The project involves a step out from existing Devonian light oil production from a well that has produced over 240,000 bbls of light oil. The first well to be drilled has been identified and the approximate cost to drill, complete and equip a 1700 m well is approximately $850,000. The estimated pool potential is up to seven new wells and could receive benefit from waterflood.

Trincan is currently assessing a formal development plan for this acreage including infrastructure, facilities, and marketing considerations.

This land acquisition is a major strategic move in the growth of Trincan to drill and participate, as operator, in a lower risk/high-growth, high potential, light oil potential development/exploration opportunities.

Tags: Trincan Capital Corp.