Forent Energy has signed a definitive agreement with ARKeX Ltd. for a $US 1.4 million gravity gradiometry survey of its Alton Block in Nova Scotia, which is anticipated to commence later this month. The ARKeX survey would provide the most efficient and cost effective way of gaining the detailed geological information needed over such a large area.

The 740,000 acre Alton Block in Nova Scotia has two prominent hydrocarbon plays – reef oil and shale gas. The gravity gradiometry survey will provide the Company with its first significant evidence as to the location of the potentially oil bearing reefs. ARKeX use a high bandwidth, high resolution 3D imagery system that will identify structural highs where reef structures tended to grow. After the structural highs have been identified, the Company intends to shoot a 2D seismic program early next year and to initiate a multi well drilling program in the summer of 2011.

In Western Canada, Forent has farmed-in on Sahara Energy's Blackfoot heavy oil property located in the Lloydminster area of Alberta. The drilling of these lands is subject to a successful down spacing order which is currently being applied for.

Tags: Forent Energy