Firstly, something we want to make very clear is that our focus over the past five years with PennWest is becoming a lead oil for light oil production development and exploration in Canada and indeed, in North America. From a strategic point of view, this involved two large oil weighted corporate acquisitions, consolidation in key areas and the adaptation of the technology that really has sparked the shale gas revolution in North America as presently fueling a stampede to light oil plays in North America.We believe this positions us extremely well and Murray will talk about that a little bit and highlight some of the plays that we’re pursuing and exactly how we’re positioned in light oil relative to most of our peers in North America.
PennWest Energy Trust Q1 2010 Earnings Call Transcript
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