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OPERATIONS

Point Loma JV acquires assets and prepares to drill

THE ACQUISITION of new exploration acreage in the Leduc area in Alberta, Canada, could be a new turning point for Point Loma joint venture partners Whitebark Energy and Point Loma Resources, adding an additional 40 to 60 million barrels of oil resources to the companies war chest.

Paul Hunt
Point Loma JV acquires assets and prepares to drill

  The PLJV secured control of a new Rex oil play (Upper Mannville) in the Leduc area which has produced initial rates of 300 barrels of oil equivalent per day. The acquisition comes as the JV look to...

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