New Well Announced For The Alberta Bakken (Northwest Montana) -- Not The Williston Basin Bakken -- October, 6, 2014

CNN.Money is reporting:

Super Nova Petroleum Corp. reports that it has received information from the management of Augusta Exploration LLCthat the preparation to drill Augusta - Krone Bakken Formation well is complete. 

The well-pad and road has been built, inspected and approved. Montana Board of Oil and Gas has approved and permitted the well. The funds required for the drilling has been deposited in escrow to FX Drilling Co Inc. Subject to weather conditions, the drilling rig will be rigged up by Friday, October 10th, 2014.

This well is located approximately 3-4 miles from Super Nova's Milford Colony land, with its recently drilled BNV Eagle #1 Well, as reported on Oct. 1st, 2014.

The well to be drilled by Augusta is in very close proximity to the historic 1962 Shell Krone Well, which encountered the Bakken formation at approximately 7,000 feet.

Note: this is the Alberta Bakken, northwest Montana, not the Williston Basin Bakken.

This press release provides much more detailed information, dated July 24, 2014. 

Background from that linked story:

The Bakken oil boom began with Elm Coulee oilfield on the Eastern side of Montana in 2000, when Lyco Energy Resources re-entered nine old wells and completed them in the Bakken formation.

In 2006, the Parshall oilfield in North Dakota was discovered by observing an old well log in that area that had Bakken formation which looked very similar to the Elm Coulee logs. North Dakota has since produced 813 MM barrels of oil from the Bakken formation through December of 2013.

The emerging Alberta Bakken play extends from Canada down through the Western side of Montana to where the company has its leased lands. The prolific Williston Basin Bakken play was the Eastern side of a shallow sea. The currently emerging Alberta Basin Bakken play was the Western side of that same sea.

The Shell Krone well was drilled in 1962, before the so called Shale Revolution of the last decade. Thus, while encountered and logged in 1962 by Shell, the Bakken formation was simply ignored then, despite cuttings of the rock showing oil. With the application of modern drilling and completion techniques, the upcoming well may prove the viability of the Southern portion of the Alberta Bakken play.