The Directorate reported that the Slagugle oil discovery, proven in 2020, holds an estimated 4.9 to 9.8 million standard cubic meters of oil equivalent (approximately 30.8 to 61.6 million barrels of oil equivalent) in Triassic reservoir rocks. Additional potential volumes exist in the lower Are Formation and Upper Grey Beds. Licensees will now analyze the data to assess a possible development.
