We operates as an oil & gas company with a focus on assets located in North America. The Company is in the development stage of exploiting high impact oil plays and liquid-rich deep basin gas through its assets. Barrel holds interest in oil & gas leases known as the Bison Property.
Barrel Energy Inc.is an clean energy company with a focus on assets located in North America. Currently the company holds oil & natural gas leases in Alberta, Canada and its strategy is to exploit high impact and development liquids-rich deep basin natural gas prospects through the development of its asset base. The company currently holds interest in 2560 acres of oil & natural gas leases known as the Bison Property. Our near term business strategy is to conduct exploration activities on the Bison Property as laid out in more detail in the “Description of Property” section with the hope of achieving positive results during our exploration activities.
The Bison property is located in the Province of Alberta, Canada and is comprised of four sections of interest land totalling (2,560 acres) which includes one suspended gas well in the Gilwood member of the Middle Devonian Watt Mountain Formation. The acreage is located in north western Alberta in an area called the Peace River Arch (PRA), which is a deep positive structural feature caused by mountain building to the west. It is one of only a few large-scale tectonic elements in the Western Canada Sedimentary Basin that has significantly disturbed the Phanerozoic cover of the craton. The structure has influenced the location of oil and gas accumulations in strata ranging from the Middle Devonian to the Upper Cretaceous, and has long been a focus of hydrocarbon exploration in the region. It is known for its prolific oil, NGL and natural gas wells and is one of the most desirable light oil and natural gas liquids drilling areas in North America.
The Peace River Arch has already established facilities for natural gas gathering and compression facilities that can be accessed based on Barrel Energy’s needs. Although the Peach River Arch region boasts well established infrastructure weather conditions do play a role in our ability to access the Bison property. For instance the need to helicopter in equipment and or human resources may arise based on location or weather conditions.
The Bison property is located in the Province of Alberta, Canada and is comprised of four sections of interest land (2,560 acres) which includes one suspended gas well in the Gilwood member of the Middle Devonian Watt Mountain Formation. The acreage is located in north western Alberta in an area called the Peace River Arch (PRA), which is a deep positive structural feature caused by mountain building to the west.
Sediments shed from the Arch, during deposition were deposited in abundance in braided channels, fluvial stream channels and shallow marine environments, which created numerous hydrocarbon reservoirs in the area. Sediments were thickest adjacent to the emergent Arch with sands in of up to 180 feet in total thickness deposited in the braided channel systems coming off the structural highland. Thicknesses decreased to the east away from the source rock ultimately terminating some 75 miles east from the PRA. The Gilwood member at Bison shows approximately 7 feet of gas pay over water in the Gilwood formation and was perforated between 1468.5m and 1470.5m.
Harpreet Sangha, Chairman & Director
As Chairman Mr. Sangha will lead the Barrel Energy as it focuses on reviewing and acquiring exciting new projects in the energy sector. Mr. Sangha possesses a unique combination of fund raising and managerial skills, having started his career over 30 years ago as an Investment Advisor and has gained an affinity for raising capital. Mr. Sangha has served in Board positions, Chairman, and CEO for a number of public companies.
Craig Alford , President & Director
Craig holds both a Bachelor of Science (Hons) and a Master of Science in Geology. Craig has over 30 years of experience worldwide, having designed, managed and provided technical direction for projects throughout North and South America, China, Central Asia, Russia, Australia and Africa. He is a registered Professional Geoscientist (P.Geo) and is a Qualified Person, as defined in National Instrument 43-101.