VWVulcan Energy of Canada, Ltd.
(VWV), is in the early
phases of developing a coal bed methane (CBM) project between Campbell
River and Nanaimo.
Project will involve the drilling and completing of
approximately 500 CBM wells (water wells at the outset) and installing a
gas gathering system over a period of five to six years.
VWV believes that the coal reserves contain
between 0.5 TCF and 1.0 TCF of net recoverable CBM on the Tsable and
Quinsam lands.
Methane, commonly
referred to as natural gas, will be pumped into Centra Gas distribution
system for use by Vancouver
Island homes, businesses and industry.
VWV is
strongly committed to preserving the environment and satisfying the local
communitys needs.
VWV brings a strong management and technical team
with experience both in CBM and coal operations.
Team members have developed, financed and are
operating a $300 million coal property in the Powder River Basin (PRB) and two coal bed methane fields in the same basin.