Talisman's Lorraine/Utica lands are located in the Quebec lowlands along the St. Lawrence River, where the Company now holds a total of 756,000 net acres. In 2010, Talisman drilled four horizontal wells and completed three wells. Talisman plans to complete two horizontal wells during 2011. In 2010, Talisman led the Quebec Oil and Gas Association's participation in public hearings requested by the Quebec government and conducted by Quebec's Bureau D'Audiences Publiques sur L'Environment ("BAPE"). The mandate of the BAPE is to make recommendations for a legislative framework that would allow for sustainable shale gas development in Quebec. The BAPE report is expected to be released in the first quarter of 2011.
Currently, there is no hydraulic fracturing activity in the Lorraine/Utica lowlands, though we anticipate increased activity by mid-2011 when we plan to drill two wells.
Learn more about Hydraulic fracturing and Talisman's shale operations.
