Primary Petroleum Corporation (CVE:PIE) reports that it has entered into a Seismic and Farmout Agreement with Nextraction Energy Corp. (CVE:NE) whereby it can earn an interest in Primary’s 20,000 acre Saturn Prospect, Daniels County, Montana.
The press release is quoted as saying:
The target of the initial phase of the Joint Venture is the western Bakken fairway of the Williston Basin in northeastern Montana. The Williston Basin is a productive basin in Montana and Saskatchewan, Horizontal drilling for oil on the Bakken formation in Montana, North Dakota and Saskatchewan has opened up new potential for large scale oil reserves.
