Thorsby provides a consolidated land base of ~108 net sections that will be efficiently developed through a network of multi-well pads. The Thorsby asset has year-round access and Blackspur has drilled 11 wells to date in the Sparky Formation.
Blackspur has spent over C$5 million building infrastructure in the Thorsby area and has existing oil processing capacity of 3,000 bbl/d oil.
Thorsby has a large inventory of wells to drill with 89 Sparky Formation and 12 Nisku Formation wells identified, which includes 28 Sparky PUD locations. Additionally, upside exists in 66 net sections of Duvernay Formation lands that are included in the merger.