Primary Petroleum has concentrated the majority of its resources in the acquisition of prospective oil
and gas acreage in Northwestern Montana. The Company has an operated working interest in a large
contiguous land position, in excess of 370,000 gross, 310,000 net acres, in the Southern Alberta Basin in
Pondera and Teton Counties of northwestern Montana.
Incorporating the knowledge acquired from a recently completed $41 million exploratory drilling
program, Primary has gone on to identify a number of well supported exploration and development
opportunities in formations ranging from the Cretaceous period to the Devonian period . Primary's land
capture is offsetting the previously exploited Pondera Field which produced a total of 29MM barrels of
oil.
All Primary's new play types encompass petroleum systems with carbonate and clastic targets.
Favourable mineralogy and multiple pay intervals are some of the key characteristics demonstrated by
the plays developed.
A combination of Company Exploration and successful analogues provides a basis for future exploration
and development opportunities on the Primary Southern Alberta Basin Pondera Teton Prospect in
Northwestern Montana.
|