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Canadian Oil Stocks: Top 2 Slave Point Oil Juniors

April 20, 2011 via CanadianOil Tagged With: best oil stocks, border petroleum, canadian oil and gas companies, investing oil, oil and gas investments, oil and gas stocks, oil investments, oil stocks canada, penn west petroleum, pinecrest energy, slave point oil stocks

The Slave Point formation is a layer of sedimentary rock composed primarily of oil bearing carbonate minerals: mostly limestone and dolostone having low permeability (the capacity of a rock or sediment to move water or other fluids through its pore space.)

In the Greater Red Earth area of north central Alberta, the Slave Point formation is a proven oil producer since the 1960’s when the first vertical wells struck oil. In addition to producing light, sweet oil of 35°-40° API, the formation produces low rates of water production and low solution gas volumes.  The industry estimates 1 billion barrels of … Continue Reading

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