Canadian Central Northwest Territories is the New Hot Prospect

A new Canadian subarctic exploration campaign is developing — closer to market than the contested Mackenzie Gas Project — after a group led by Husky Energy Inc. chalked up its second drilling success in the central Northwest Territories.
The latest well, in the central Mackenzie Valley about 110 kilometers (70 miles) south of Norman Wells, flowed 5 MMcf/d of natural gas in restricted production tests, Husky reported. The new well further heightened interest among explorers by tapping a geological zone, the Cretaceous, where no gas had ever been found before in the northern Canadian region.

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