Petrolia Inc. is pleased to reveal the results of a petrophysical study done by Schlumberger Canada Ltd. which shows that the Anticosti Macasty can be compared advantageously with the Utica shale in Ohio. The rock parameters of both formations are very similar, including with respect to thickness, total organic carbon (TOC), clay content and hydrocarbon saturation. The porosity of the Macasty shale in the Petrolia Chaloupe well averages 4 to 6 percent, which compares favorably to the Ohio shales with an average of 3 to 5 percent. This factor, together with the permeability analysis carried out earlier, is a positive indicator of the potential for oil and gas production of the Macasty shale.
The study compares the petrophysical properties of the Utica shale in the Ohio Geological Survey CO2 No. 1 well with those of the Macasty shale (a lateral equivalent of the Utica shales) in the Petrolia/Corridor Chaloupe No. 1 well on Anticosti Island, Quebec. Three Chesapeake horizontal wells located between 65 and 80 km northeast of the OGS CO2 No. 1 have tested between 3.1 and 9.5 MMscf/d of gas and between 980 and 1425 b/d of petroleum liquids (Chesapeake Press Release, September 28, 2011). Corridor and Petrolia control more than 1.5 million acres of prospective Macasty lands on Anticosti Island.