Bow Valley continues exploration in France

Bow Valley Energy announced that its Bow Valley Petroleum (UK) anticipates the award of two further exploration blocks in the Paris Basin, France.
Participants in exploration block CHANTE-MERLE are Bow Valley (47.5 %), Vermilion Resources (50 %) and Egdon Resources (New Ventures) (2.5 %). This block comprises an area of 715 sq. km and will be operated by Bow Valley during the exploration phase and by Vermilion during the drilling and production phases.

Participants in the second block, MONT-SAINT-PERE, are Bow Valley (95 %) and Egdon (5 %). This block comprises an area of 863 sq. km and will be operated by Bow Valley.
The applications are located north of the Villeperdue field in the north of the Paris Basin and are contiguous to the recent successful application by Bow Valley and Egdon Resources for the SAINT-JEAN-AUX-BOIS licence to the west of the CHANTE-MERLE licence.

Bow Valley expects the award of the licences during the next month, subject to ministerial approval following completion of a review of exploration plans by the relevant regional authorities and the DHYCA. As a result, Bow Valley will have a total exploratory acreage position onshore in the Paris basin of 484,500 net acres.
The applications resulted from a regional review of the prospectivity of the Paris Basin with particular emphasis on predicting potential petroleum migration pathways from the mature source rocks which exist within the licence areas. Bow Valley and partners plan to re-process existing seismic data and apply recent geoscience technology to an area that is underexplored. Bow Valley recognises 6 potential plays within the area of the three licences including the traditional Middle Jurassic and Triassic targets.

Bow Valley was formed in 1996 as an international oil and gas acquisition, development and production company headquartered in Calgary, Alberta. Bow Valley has interests in the UK (both onshore and offshore) and has signed a service contract to develop the Balal oilfield located offshore Iran in the Persian Gulf.