In March we wrote about two Canadian small cap companies that operate in Canada’s Clearwater oil play, namely, Rubellite Energy (issue 11, Rubellite Energy Inc. – The New Kids on the Clearwater Block, Mar. 14, 2022) and Headwater Exploration (issue 13, Headwater Exploration – Huge Potential in the Clearwater, Mar. 28, 2022). The Clearwater basin, which is situated in the heart of the Western Canadian Sedimentary Basin (WCSB), has been labelled as the most economic play in North America with wells that payout in less than six months at current oil prices with breakeven at US$ 32 per barrel for West Texas Intermediate crude (WTI).
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By Charles Marleau CIM® and William Mitchell CIM®
By Charles Marleau CIM® and William Mitchell CIM®