Sources said that that Samuel H Cade and Daniel K Donkel are currently looking to divest equity in the recently acquired Houston-Willow Oil & Gas Exploration License Area (ADL 391282), which encompasses 76 sq km (18,698 acres) of land just north of the City of Houston, Alaska and ~48km (~30 miles) due north of Alaska's largest city, Anchorage. The exploration licence is effective as of 1 December 2018 for a period of five years and includes a US$ 500,000 work commitment. The license area is sited just north of the Castle Mountain Fault which has brought the deeper, more mature portion of the coal-bearing Miocene Tyonek sandstone formation, to the surface. Compressional forces associated with this fault movement have folded the coal-bearing strata, resulting in at least two anticlinal structures that enhances the development of a coalbed methane resource on structural highs. There is also the potential for discoveries of conventional gas in the sandstone and siltstone beds of the Tyonek Formation.
Sources said that that Samuel H Cade and Daniel K Donkel are currently looking to divest equity in the recently acquired Houston-Willow Oil & Gas Exploration License Area (ADL 391282), which encompasses 76 sq km (18,698 acres) of land just north of the City of Houston, Alaska and ~48km (~30 miles) due north of Alaska's largest city, Anchorage. 