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IndustryOilGas8TuesdayMay142013WESCLEANNORTHERNSALESLTD.Fluffyisaveryfriendlycreature.Shemakesforgreatcompanyinwonderfultopet.Pleaseleaveamessageat872-5543fordetails.FirstChoiceinGraphicDesignPhotocopyingDocumentprintingFaxserviceScanningPhotoprintingBusinesscardsStationaryResumesBrochurespostersPromotionalmaterialFast.Professional.FriendlyWeddinginvitationsLaminationCerloxbindingPersonalgreetingcardsFACphotosCertifedadvertisingagency207McDougalRd.FortSmithNWT-867872-3000-graphicsnorj.caListentoExperiencerightfromthestart.caLearnmoreaboutEarlyChildhoodDevelopmentandwhatyoucandotogiveyourbabythebestchanceatsuccessinlifeatWelovethechildrenofourcommunityandIwillalwayssharetraditionalknowledge.-MargaretLeishman.Proudmotherof5.Proudgrandmotherof8.Ages0to3arethemostcriticalagesinachildslife.Beinginvolvedinyourchildsdevelopmentrightfromthestartcreatesabrightfutureforthem.SignicantshalegasnddeclaredinLiardBasinByMEAGANWOHLBERGAverysignicantdis-coveryofshalegasintheLiardBasinoftheNorthwestTerritoriesholdspromiseforCalgarycompanyLonePineResourcestocarryouthydrau-licfracturingorfrackingon100percentofits52000-acrestakeinthearea.TheNationalEnergyBoardofCanadaNEBapprovedacommercialdiscoverydec-larationforthecompanylastTuesdaystatingitisreason-ablethatallofLonePines66sectionsaredevelopablebytheuseofhydraulicfracturingfurtheraddingthattherearereasonablegroundstobelievethecommercialdiscoveryex-tendsatleastthroughouttheapplied-forfrontierlands.LonePinepresidentandCEOTimGrangertoldTheJournalthecompanyisfeel-ingoptimisticaboutthend.Itsverysignicantitwouldbesignicantforal-mostanycompanyhesaid.Thesizeoftheresourcethereisquitelarge.LonePinetestedoutitsexistingverticalwellknownasL-68inthelasthalfof2011togaugeresultsfromtwoundergroundshalefor-mations.Thewellproducedasweetgasowratesup-portingapotentialdeliveryof12millioncubicfeetperdayfromamulti-fracturedhorizontalwell.AccordingtotheNEBtheshalegasintervalsintheLonePineleaseareaalsoappeartobethickerthanthoseintheadjacentHornRiverBasinofnortheasternBCwhichispromisingforthedeveloper.Thethickerintervalscombinedwithgoodreser-voirparameterscontributetolargeoriginalgas-in-placeresourceestimatestheboardstated.Thoughthediscoveryper-tainstotheresourcepotentialofthearearatherthanactualnumberedvolumesofprovennaturalgasbothGrangerandtheNEBsaidLonePinessec-tionswilllikelyyieldresultssimilartohighlyproductivewellsnearby.Inparticularawelllocatedaround100kmfromL-68hada30-daygasowrateofover21millioncubicfeetperday.Therearealotofanalo-giesthatwouldleadusandindeedtheCanadiangovern-menttosaythisisadiscov-eryGrangersaid.Anindependentassess-mentdoneinSeptember2012furtherestimatedtheundis-coveredshalegascontainedwithinthecompanysleasescouldadduptoanywherebe-tween14.4and28.4trillioncubicfeet.Withthegranteddecla-rationfromtheNEBthecompanyisnowlookingfora21-yearleaseextensionfromAboriginalAffairsandNorthernDevelopmentCan-adaonits52202acresinthePointedMountainareaoftheLiardBasin.Thatlastbitofregulatoryapprovalplusaslightim-provementinthetradevalueofnaturalgasareallthatsleftforthecompanytostartget-tingseriousaboutdevelopingtheareaGrangersaid.ThequestionforLonePinerightnowiscommod-itypricesobviouslybecauseitsnaturalgastheabilitytomovetheproductawaybuttherearepipelinesclosebysothatsnotasbiganissueandthenthewaytofundtheprojecthesaid.Besidesroadstheareain-cludesaccesstotheSpectraFortNelsongatheringsystemviathePointedMountainBea-verRiversourgaspipelinethatintersectsLonePinesacreage.Whilenotquiteeconomi-callyfeasibletodayGrangersaidheexpectstheprojecttobecomemoreviableinlate2014orearly2015basedoncurrentmarketpredictionsfornaturalgas.Wearequiteoptimistichesaid.Westillneedonemorelevelofapprovalandthenwecanstarttogetalittlebitmoreseriousaboutplanning.Todatetherehasbeennoapprovalgrantedforhorizon-talfrackingintheNWT.Thecontroversialdrillingextrac-tionmethoduseslargeamountsoffreshwatercombinedwithchemicalstocracktheunder-groundshalebedandaccessthegastrappedwithin.Thepollutedwateristhenstoredunderground.Frackingisvehementlyop-posedinmanyjurisdictionsduetoitspurportedimpactsongroundwaterandallegedlinktoearthquakes.SomelikeFranceandVermonthaveall-outbansontheunconventionalpractice.DeneleaderspassedaresolutiontobanfrackingintheNWTinlate2011.Companieshavealsoex-pressedinterestinfrackingintheNormanWellsareaoftheSahtuwhichsitsupontheCanolshaleplaywhereanestimatedonebillionbar-relsofoilcouldbeextractedthroughfracking.TheNEBisresponsibleforcarryingoutanyassessmentsasnoregulationsforfrackingcurrentlyexistintheterritory.AfrackingprojectdrillsforshalegasinnortheasternBCsHornRiverBasinaformationadjacenttotheshaleplaylocatedinNWTsLiardBasinwherealargendwasrecentlydeclared.PhotoKitimatLNG