Photo Credit: Encana Corporation

Exploration Potential

While no hydrocarbons were encountered at the B-41 step out well, additional potential exists within similar untested closures to the north and northeast of the discovery. There is also potential within the Jurassic carbonate bank that extends beneath the parcel. Although tight carbonates were encountered in the L-30 well, there is potential for porosity development at the margin edge. The analogous Cohasset - Panuke oil reservoir sands are draped over the carbonate reef buildup containing the Deep Panuke producing gas field.

Additional subtle and low relief anticlinal structures similar to Penobscot may be present on the parcel. These structures are often difficult to identify on seismic (in the time domain). Due to the subtle nature of these features, accurate seismic interpretation and depth conversion are necessary in order to define these structures.