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Our Operations

Operations Update

18 December 2018:

As of today we have successfully drilled nine new wells in our continuous drilling program.  The Vega 1, 2 and 3 were successfully drilled from the Wilson East pad, and the Hovencamp 1, 2 and 3 and Davis 1, 2 and 3 were drilled from the Hovencamp North pad.  All nine wells reached their full horizontal lateral length which averages 7,500 feet, and were drilled in the Lower Eagle Ford shale formation.  We are very pleased with our drilling performance as the drilling of all nine wells have averaged less than 10 days each.

Of these nine new wells, the three Vega wells have now been hydraulically fractured by Schlumberger and are now commencing their flow back.  These wells will produce only water for the next several weeks, and we expect oil and gas production to commence in early January 2019.

Our drilling rig has now moved to the new Wilson West pad where it has commenced drilling the Noroma 1, 2 and 3 which will take the next 30 days to finalize.

Of the original six wells, the first two Wilson B 1 and 2 are producing an average of 215 barrels of oil equivalent per day each.  The next four wells, the Hovencamp and Davis, are producing an average of 320 barrels of oil equivalent each.

2 October 2018

On October 2, we announced that we successfully drilled the first three wells of our continuous Eagle Ford Shale development program.  The three Vega wells, which are located on the Wilson pad, were each drilled to a depth of approximately 6,500 feet with a lateral length of around 7,700 feet.  The drilling operations of the first three wells have gone as planned, and we are pleased with the performance of our contracted drilling rig.  We were able to keep the lateral lengths tightly within our target zones and drilled each of these wells on schedule and on budget.  We are in the final stages of securing completion services and expect to put the three Vega wells on production in the current quarter.  The rig is in the process of moving to the Hovencamp North pad where we will commence drilling the next six wells.

The two original producing wells (Wilson B1 and Wilson B2) from the Wilson pad, which were temporarily shut-in for safety purposes during the drilling of the Vega wells, are currently being returned to production.  Also the additional four wells drilled from the Hovencamp pad continue to flow on their own at an average of 600 barrels of oil equivalent per well.  Liquids content is strong at 75-80 percent of production, and the wells have surface flowing pressures of approximately 300 psi.

Operations Update

18 December 2018:

As of today we have successfully drilled nine new wells in our continuous drilling program.  The Vega 1, 2 and 3 were successfully drilled from the Wilson East pad, and the Hovencamp 1, 2 and 3 and Davis 1, 2 and 3 were drilled from the Hovencamp North pad.  All nine wells reached their full horizontal lateral length which averages 7,500 feet, and were drilled in the Lower Eagle Ford shale formation.  We are very pleased with our drilling performance as the drilling of all nine wells have averaged less than 10 days each.

Of these nine new wells, the three Vega wells have now been hydraulically fractured by Schlumberger and are now commencing their flow back.  These wells will produce only water for the next several weeks, and we expect oil and gas production to commence in early January 2019.

Our drilling rig has now moved to the new Wilson West pad where it has commenced drilling the Noroma 1, 2 and 3 which will take the next 30 days to finalize.

Of the original six wells, the first two Wilson B 1 and 2 are producing an average of 215 barrels of oil equivalent per day each.  The next four wells, the Hovencamp and Davis, are producing an average of 320 barrels of oil equivalent each.

2 October 2018

On October 2, we announced that we successfully drilled the first three wells of our continuous Eagle Ford Shale development program.  The three Vega wells, which are located on the Wilson pad, were each drilled to a depth of approximately 6,500 feet with a lateral length of around 7,700 feet.  The drilling operations of the first three wells have gone as planned, and we are pleased with the performance of our contracted drilling rig.  We were able to keep the lateral lengths tightly within our target zones and drilled each of these wells on schedule and on budget.  We are in the final stages of securing completion services and expect to put the three Vega wells on production in the current quarter.  The rig is in the process of moving to the Hovencamp North pad where we will commence drilling the next six wells.

The two original producing wells (Wilson B1 and Wilson B2) from the Wilson pad, which were temporarily shut-in for safety purposes during the drilling of the Vega wells, are currently being returned to production.  Also the additional four wells drilled from the Hovencamp pad continue to flow on their own at an average of 600 barrels of oil equivalent per well.  Liquids content is strong at 75-80 percent of production, and the wells have surface flowing pressures of approximately 300 psi.

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