Anyone have any knowledge about the Oil in Southwestern MB?
I heard from a reputable source who deals down there that North Dakota is going to be the "next Texas" when it comes to oil, and its all this newly discovered oil. Apparently, a good portion of this oil exists in southwestern MB, and there is no need to extract it like one would need to with the oil sands, so it is cheaper to extract.
He mentioned that within the past
3-4 weeks the oil pumps in a specific spot have increased from
4 to 11...
These are the guys behind it
http://www.katanaoil.com/
Quote:
Emphasis is on development, enhancement (EOR), exploitation and optimization with the general avoidance of exploration risk.
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- so not like Shell or PetroCanada, they don't do that stuff...but they do the middle man work.
I know Richardson has oil interests in Sask, I wonder what this could do for Manitoba?? This really diversifies things even more....not only do we have all this tech, med, and industrial stuff in Winnipeg in addition to agriculture, hydro, and other natural resources, but now there is oil being found as a rapidly increasing rate.