Northern Cross ( Yukon ) Limited
Mining developments .” According to Wyman , they “ haven ’ t quite got the resource mass yet to move toward a development but they ’ re getting there .” Forging strong partnerships So what actions are being taken to achieve these development goals ? Assisting in the long term vision of resource development is the Chinese National Offshore Oil Company ( CNOOC ). Three years ago , the CNOOC became a major shareholder with Northern Cross Yukon , thus allowing them to obtain the capital to move forward with the programs that can help the company
identify new resources and increase the resource base .
Wyman explains that since CNOOC has become involved , “ a preliminary phase of exploration drilling has been conducted , including four new wells , some reaching almost 3,400 meters measured depth ”. In addition to the new wells which provide modern data about the geology and the hydrocarbon system , Northern Cross Yukon has just conducted the first ever 3-D seismic program in the Eagle Plain to identify potential new resource areas for exploration and development . This project is
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