Canadian-based oil producer Calima Energy is moving northwards at its Thorsby project, spudding the fourth of its high impact unconventional Leo oil wells as it chases the productive Sparky Formation in Alberta, Canada. Calima said it holds a significant land position in the North Thorsby area that contains some of the thickest Sparky formation oil columns in the region. Some of the North Thorsby sections have been estimated to have 28 million barrels, or “mmbbl” of oil. Nearologists will no doubt be hoping the Sparky formation intervals in Calima’s latest Leo well will be similar to those logged during recent ... (full story)