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LAS VEGAS, NV–(Marketwired – Aug 28, 2017) – Fortem Resources Inc. (OTCQB: FTMR) (the “Company“) would like to share some exciting news about a recent discovery made by BP PLC in the Mancos shale play.
The San Juan Basin, like the Uinta Basin, produces gas from the Mancos shale, which occurs from the center of the basin and transitions into oil around the rims of the basin. Similar to the Company’s Mancos area, the oil prone areas have resulted in successful vertical wells where a maximum amount of flexure provides natural fracturing. This allows vertical wells to encounter these fractures to produce substantial amounts of hydrocarbons. Recent horizontal drilling in porosity zones within the Mancos shale has proven to be extremely productive.
Refer to the link for BP article:
About Fortem Resources
Fortem Resources Inc. is a publicly traded oil and gas production, development and exploration company, which holds a diversified natural resource portfolio of mainly oil and gas assets and one gold asset. The Company’s properties are located in Western Canada, North American and internationally through five wholly owned subsidiaries.
The Company’s common shares are quoted on the OTCQB under the symbol FTMR.
On behalf of the Board of Directors,
FORTEM RESOURCES INC.
Chief Operating Officer
This news release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company, such as statements about the entry into a joint operating agreement for the leases. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) risks inherent in the oil and gas industry in general; and (iii) the inability of the company to finance the execution of its business plan. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.
FORTEM RESOURCES INC.
Chief Executive Officer
Mon, 28 Aug 2017 13:00:00 GMT