Projects
Parson's Pond
Vulcan Minerals Inc. holds various interests in three petroleum permits, (7-18%) at Parsons Pond on the Great Northern Peninsula. The Parsons Pond parcels lie within the Anticosti Basin, which is part of the Utica Trenton-Black River trend, an area being successfully explored in the United States and Quebec.
Approximately 27 historical holes have been drilled in the Parsons Pond area and commercial production was achieved for a period during the 1920s. None of the holes were deep enough to test the large structures recently identified on seismic lines.
A shallow well was drilled to 960 metres in 2004 and encountered oil and gas shows in fracture zones. The deeper target in the Cambria-Ordovician carbonate platform remains to be tested. The property requires a deep well to 3,000 metres to adequately test its potential in the insitu platform rocks. Shallower wells can test potential reservoirs in the thrusted sequence including a possible resource play within Ordovician Shales that are proving to be gas productive on trend in Quebec.
