Oil and Gas Explorations - Eagle Plains Area, Yukon Territory
The region discussed comprises ap. proximately eight million acres spreading across the Arctic Circle in Yukon and North West Territories. Encouraged by four years of surface geological and geophysical work, which strongly suggested that suitable conditions existed for the entrapment of oil and gas, a decision was reached to drill. In due course two holes were drilled; Eagle Plains No. 1 drilled to 9589 in 1957-8 and Western Minerals Chance No. 1 spudded in 1959 is being deepened this year.