Joffre duvernay shale oil play

– Increased Crown land position in East Basin Duvernay shale oil play by 34% – Increased production guidance twice even with selling 250 boe/d and deferring completion of two Hz wells • 2019 Forecast –top tier light oil growth – Increased, in August 2019 Average and Exit production guidance to 5,000 –5,200 and 5,500 –5,700 boe/d

The Frasnian Duvernay Formation of the East Shale Basin lies conformably on the carbonates of the Cooking Lake Formation and represents the deeper portion of the basin of the prograding Ireton Formation. – Increased Crown land position in East Basin Duvernay shale oil play by 34% – Increased production guidance twice even with selling 250 boe/d and deferring completion of two Hz wells • 2019 Forecast –top tier light oil growth – Increased, in August 2019 Average and Exit production guidance to 5,000 –5,200 and 5,500 –5,700 boe/d The Duvernay Shale is an emerging oil and liquids-rich gas formation in the Western Canada Sedimentary Basin. Many in the industry believe the Duvernay is the closest analog to the Eagle Ford The Formation was named by Andrichuk and Wonfor in 1954 for Duvernay, Alberta. According to Canada's Alberta Energy Regulator, the Duvernay Formation "holds an estimated 443 trillion cubic feet of gas and 61.7 billion barrels of oil (Penny China Institute 2012-12)." By applying learnings from US shale plays, Vesta is developing the Joffre Duvernay Shale oil play into a world class resource and one of the most economic plays in North America.

Vesta Energy currently boasts over 200,000 contiguous net acres within the Joffre Duvernay Shale oil play, according to a statement. The company has 23 wells on stream and produces roughly 3,500 barrels of oil equivalent, 80 percent of which is light oil, per day.

^ Keith Schaefer (June 13, 2012). "The Duvernay shale is a colossal oil and gas play". Mining.Com. Retrieved June 13, 2013. The Duvernay Shale is an emerging oil and liquids-rich gas formation in the But the firm also noted that takeaway capacity in the play is constrained (see  18 Sep 2017 “By applying learnings from U.S. shale plays, Vesta is developing the Joffre Duvernay Shale oil play into a world-class resource and one of the  28 Aug 2019 Other oil and gas remained in the Duvernay Shale and is now being developed. was treated as two play areas, the East Shale Basin and the West Shale Basin. “Index” tracts in Kaybob (S22-T62-R21-MW5) and in Joffre  19 Jul 2018 Devonian Duvernay Formation, East Shale Basin, Alberta area, with recent activity mainly found within the strike areas of Joffre, Morningside and Huxley. Shale Basin is the key to profitability as Athabasca Oil Corporation  Alberta's Duvernay Shale for its marketable petroleum potential. The oil and gas resource is considered to be a resource play, where the hydrocarbons are “Index” tracts in Kaybob (S22-T62-R21-MW5) and in Joffre (22-40-27-MW4) were   we are unique. we operate the first commercial shale oil play in Canada. we are responsible. we do what we say. we are efficient. we are a low cost operator 

Vesta is a privately owned oil and gas company focused on the light oil window of the Joffre Duvernay shale oil play.

26 May 2017 and production company focused on the development of light oil properties in the shallow Joffre Duvernay Shale oil play. Bennett Jones LLP  17 May 2017 By applying learnings from US shale plays, Vesta is developing the Joffre Duvernay Shale oil play into a world class resource and one of the most  The Duvernay shale gas play was identified as a prime reason oil. Many other shale plays, such as the Horn River Basin in British The Daily Oil Bulletin, in this digital-only public- ation, will to the company's Joffre Ethane Extraction Plant. 19 May 2017 and Dermot O'Connor (VP Exploration), Vesta focuses on the development of light oil properties in the shallow Joffre Duvernay Shale oil play  Vesta refers to the East Shale Basin as the Joffre Duvernay Shale oil play. Whatever name one chooses to use, Vesta has become a big participant in the play, having a contiguous land position of 200,000 net acres. Vesta is a privately owned oil and gas company focused on the light oil window of the Joffre Duvernay shale oil play.

By applying learnings from US shale plays, Vesta is developing the Joffre Duvernay Shale oil play into a world class resource and one of the most economic plays in North America.

17 May 2017 By applying learnings from US shale plays, Vesta is developing the Joffre Duvernay Shale oil play into a world class resource and one of the most  The Duvernay shale gas play was identified as a prime reason oil. Many other shale plays, such as the Horn River Basin in British The Daily Oil Bulletin, in this digital-only public- ation, will to the company's Joffre Ethane Extraction Plant. 19 May 2017 and Dermot O'Connor (VP Exploration), Vesta focuses on the development of light oil properties in the shallow Joffre Duvernay Shale oil play  Vesta refers to the East Shale Basin as the Joffre Duvernay Shale oil play. Whatever name one chooses to use, Vesta has become a big participant in the play, having a contiguous land position of 200,000 net acres. Vesta is a privately owned oil and gas company focused on the light oil window of the Joffre Duvernay shale oil play. Privately held Vesta Energy Corp., Calgary, will accelerate development of light-oil properties in the shallow Joffre Duvernay shale oil play of central Alberta with proceeds of an equity

By applying learnings from US shale plays, Vesta is developing the Joffre Duvernay Shale oil play into a world class resource and one of the most economic plays in North America.

Vesta has assembled a contiguous land position of over 200,000 net acres within the Joffre Duvernay Shale oil play. The Company currently has 23 wells on stream and is producing approximately 3,500 boe/d, of which 80% is light oil. The Transaction is anticipated to close on May 26, 2017, and will provide Vesta with sufficient capital to execute One new area of future activity is the emerging East Shale Basin play in central Alberta, which is actually a cousin of the more well-known Duvernay play in northwestern Alberta. “It’s a bit of a different animal than the [Western] Duvernay [because] there are a fair number of shallower wells being drilled. Headquartered in Calgary, Alberta, Vesta is a privately held exploration and production company focused on the development of light oil properties in the shallow Joffre Duvernay Shale oil play in Alberta, Canada. – Long-term, high impact shallow East Basin Duvernay light oil play others prove up the play around us Joffre Huxley InPlay Duvernay Rights Leduc Reef Duvernay Depth (m) Duvernay Wells “The East Shale Basin Duvernay Continues to Gain Momentum and is Quickly Evolving

22 Jan 2019 what is billed as Canada's first commercial shale oil play near Joffre hopes oil operations in what is known as the Joffre Duvernay Shale Oil  7 May 2018 Upper Devonian Duvernay Liquids-Rich Gas and Oil Plays. A. B. Duvernay West Shale Basin. Twining. Cygnet. South Duvernay. Oil Play Joffre. Plato. Dodsland. Kerrobert. Provost. Forgan. Most Active. Saskatch ew an. 26 May 2017 and production company focused on the development of light oil properties in the shallow Joffre Duvernay Shale oil play. Bennett Jones LLP  17 May 2017 By applying learnings from US shale plays, Vesta is developing the Joffre Duvernay Shale oil play into a world class resource and one of the most  The Duvernay shale gas play was identified as a prime reason oil. Many other shale plays, such as the Horn River Basin in British The Daily Oil Bulletin, in this digital-only public- ation, will to the company's Joffre Ethane Extraction Plant. 19 May 2017 and Dermot O'Connor (VP Exploration), Vesta focuses on the development of light oil properties in the shallow Joffre Duvernay Shale oil play