The
company’s
55%-owned
subsidiary
Carnaby
Energy
holds
more
than
80
square
kilometres
of
land
across
the
Montney
tight
oil
play
in
British
Columbia.
Independent
assessments
have
estimated
a
resource
potential
of
more
than
750
million
barrels
of
oil-in-place
on
the
acreage,
with
potential
recoverable
reserves
of
50
million
to
75
million
barrels
net
to
the
Transerv
Group.
New
drilling
and
testing
results
released
by
Canadian-listed
companies
Crew
Energy
and
Arc
Resources
include
results
from
five
wells
which
have
produced
more
than
300
bpd
each,
with
one
yielding
900
bpd
from
the…
