Triangle Petroleum Corp. (TPLM.OB) Enters Bakken Shale
Triangle Petroleum Corp. recently announced the purchase of 4,000 net acres in the Willison Basin that is prospective for the Bakken Shale. The acreage is located in Williams and McKenzie counties in North Dakota. The Bakken Shale is an unconventional resource play that is currently being developed by the exploration and production industry. The industry is targeting the Middle Bakken and Sanish/Three Forks formations in this play. Dr. Peter Hill, the CEO of Triangle Petroleum Corporation, said, “The Bakken Shale will be our new core area of operations in the United States. Our efforts here are the result of years…