Alexander – Central Alberta
Canadian Quantum Energy Corp. recently acquired a 50-per-cent working interest in the Alexander reserve lands, an Indian Oil and Gas Canada permit along with operating partner, Sundance Energy Corp. who acquired the remaining 50 per cent. The Alexander acquisition, located in central Alberta, covers all available petroleum and natural gas rights on the 6,946.17 gross hectares (17,365 gross acres), or approximately 27 sections of land. Existing infrastructure and both oil and natural gas potential exist on the lands.
Utica Shale - Quebec
Canadian Quantum has holdings in 4 permits covering 174,000 acres (37,000 net) in the St. Lawrence Lowlands Utica Shale Fairway . Along with partners Talisman Energy, Questerre Energy and Junex the Company’s management is committed to the sustainable development of this area while provide the optimum return to shareholders. These pages provide information on the specific permits along with 3rd party analysis of the entire region.
Turin – Southern Alberta
Canadian Quantum Energy purchased an interest in two sections located in Southern Alberta near offsetting shallow, light oil production. The 1280 acre (gross) land position could yield a multi-well drilling program offsetting a lead well that tested oil from the Sunburst sand. Proprietary seismic will be acquired in 2011 with drilling to follow shortly thereafter.