Conventional Saskatchewan Well Discovers New Pool -- Not a Bakken, But North of North Dakota -- Possibly At the Edge of the Northernmost Boundary of the Williston Basin

Link here.

Petro One reported that the first hole of its first summer drill program has led to the discovery of a previously unknown light oil pool on the Company's 100%-owned J5 property in Saskatchewan, Canada. This conventional vertical well demonstrated an excellent flow rate of 9.63 cubic metres (60.57 bbl) of light oil to surface in just 7.75 hours from the Viking sand at a depth of 736.5 m, without stimulation, swabbing or pumping.

As a result of this significant discovery, an expanded exploration and development drilling program of up to 17 additional wells has been planned on J5 to exploit the full potential of this newly identified reservoir.

Preparations are also under way for summer drill programs on other Petro One properties with strong light oil potential. Petro One holds 100% of the oil and gas rights to fourteen stand-along properties in Southeastern Saskatchewan and Southwestern Manitoba, including the J5 property, pursuant to leases issued by the Provincial Governments.

Perhaps completely unrelated to the Spearfish formation in northern North Dakota, but it makes one wonder.

The discovery sent the Canadian oil exploration company's shares up 33 percent to a more than two-year high.

The J5 property is well north of the Bakken/Spearfish in North Dakota, located about 400 miles northwest of Williston, North Dakota. But for me, looking through oily-covered glasses, hope springs eternal.