Coastport Capital - Project Page

Coastport Capital Inc.

Producing Natural Gas Property in Alberta

Coastport Capital Inc. is an emerging Canadian oil and natural gas company focused on the Montney and Bluesky formations in the Deep Basin, Northwestern Alberta. The Deep Basin liquid rich natural gas resource play is rapidly establishing itself as one of the premier economic resource plays in North America.

The Company is led by a Management team successful at fundraising and with a track record in value creation in the oil and gas industry. Recently, the Company has focused its attention to a potential unconventional resource play in the Montney Formation on seven sections of land acquired in the Fox Creek Area of Northwestern Alberta in December 2009. The Montney has attracted considerable attention over the past three years as a result of the large quantities of natural gas trapped in this tight shale gas play.

Click HERE for the latest Montney Brochure!

Western Canadian Sedimentary Basin

The Western Canadian Sedimentary Basin contains one of the world's largest reserves of petroleum and natural gas, and supplies much of the North American market. The Company has partnerships with people who have extensive experience successfully exploring for and developing oil and gas projects.

The Montney and Bluesky Formations

Prospective lands can be initially tested with the drilling of 1 or 2 vertical wells into the Montney or Bluesky Formation. Successful results from a vertical well are followed by a horizontal well, leading to a resource play horizontal well development program. It is not uncommon to see 2 to 4 horizontal wells drilled into each section.

The principal driver in the Montney and Bluesky plays has been the development of new fracturing techniques. In most cases Montney and Bluesky horizontal wells will utilize an 8 to 12 multi-stage fracturing program. The combination of the Alberta Natural Gas Deep Drilling Program incentives, the New Well Royalty structure, and the significant volumes of natural gas liquids associated with dry gas production makes the Deep Basin in Alberta economically competitive with any play in North America.

The Montney has considerable variability and while the Montney 'fairway' is extensive, it is important to have strategically placed acreage. The nineteen sections recently purchased at Deep Valley by the Company are located in proximity to three previously drilled vertical wells that were drilled to depths greater than the Montney. The results and shows from these wells lead Management to believe that the Montney has excellent economic potential on the lands acquired.

It is estimated that up to 34 wells could be drilled on these lands containing as much as 380 bcf of recoverable natural gas reserves and 9.5 mm bbls of natural gas liquids. In addition to the core land recently acquired, the Company is actively seeking additional lands in the area.

Infrastructure Advantage

Substantial pipeline infrastructure and gas plant facilities are located in the immediate area, allowing for easy tie-ins, lower capital costs, and a reduced time line to production.

7X Higher Production

Drilling a horizontal well can result in production rates seven times higher than in a vertical well. The cost of a horizontal well is approximately double that of a vertical well.