Primary Petroleum Corporation provide the following technical update on its Pondera-Teton Prospect located in the Southern Alberta Basin Bakken Fairway in NW Montana.
Primary has completed five 3D seismic programs covering approx. 95 sq. miles and one additional 37 sq. mile program is currently being permitted.
Initial six vertical stratigraphic wells:
• All six wells were drilled vertically into the upper Duperow formation, ranging in depth between 4500-6500 ft. All wells were cored across various sections of the "Bakken System" (lower Lodgepole, Bakken, Three Forks and Big Valley/Upper Potlatch).
◦ Oil and gas shows were identified on logs in multiple reservoir zones in all wells.
◦ Free oil was observed in one or more of the cores.