Vancouver, BC / ACCESSWIRE / September 24, 2014 / Strongbow Resources Inc. (STBR) (the “Company”) is pleased to announce that it has completed its development plan for its Compeer Alberta property, which it owns 100 percent working interest of 8 sections (5120 acres). Based on the development plan, a minimal of four wells per section (including its production well) will total 31 horizontal wells to be drilled into the Viking formation. With further review, Strongbow’s technical and operating team will determine if it’s feasible to drill more within a reasonable spacing.
Strongbow will drill its first five wells in various sections to help determine the reserves in place. The company anticipates that the 31 well project could take about 8 to 10 months to drill complete from its first start date. “We have seen an increase and positive activity coming from other companies who are within a 2 to 5 mile radius of our Compeer lands. This excites and motivates us to do what’s necessary in order to commence our drilling program in the quickest way possible,” stated Michael Caetano, President and CEO.
Strongbow is also in the process of growing its asset portfolio by evaluating other opportunities in Canada and internationally. We will keep the shareholders informed of these opportunities and drill dates once we finalize the company financing and schedules of services.
On behalf of Strongbow Resources Inc.
President and Chief Executive Officer
Strongbow Resources Inc.