To date, the company has successfully recovered three Grand Rapids cores on BCN Reserve Lands containing continuous high bitumen saturations. The most recent well location 14-24-80-25W4 had excellent results as it encountered 22 meters of continuous, high bitumen saturation pay within the Grand Rapids Sandstone.
October 29, 2007
Bronco Energy received an independent engineering resource estimate prepared for the Grand Rapids Formation, on lands under lease by the company at Wabasca, Alberta, Canada. Best estimate discovered and undiscovered resources are estimated at 603.2 MMBbl for the project, where 502.3 MMBbl is the company's share.
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