County Line backs out of Montana wells
Alberta operator County Line Energy has abandoned its exploration of two
prospects in Montana, citing high financial risk and inadequate data.
The projects are the Roth Well-1 and the Titan State Well-1, situated on 160
acres and 640 acres, respectively.
The wells were older and in areas of high carbon dioxide concentration and
high hydrogen sulphide.
“We have decided that the risk reward offered by this project does not meet
our current criteria and we will direct our attention to other projects,”
company chief Harry Bygdnes said.
08 May 2008 17:52 GMT
| last updated:
08 May 2008 17:55 GMT
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