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Operations Update

27 August 2018

On 20 August 2018 we reported that each of the four new producing wells drilled on the Hovencamp pad averaged 1,128 barrels of oil equivalent per day per well over the last 30 days.   The wells are flowing into our new production facility, and after a few commissioning tweaks the facilities are now operating as planned.  The wells are still producing a considerable amount of water at over 250 barrels per day per well.  This is due to the more intense hydraulic fracturing design that was applied and having used fifty percent more water than our first two Wilson pad wells.  The wells are flowing at good pressures on their own at 480 psi average wellhead pressure.  We are obviously very pleased with these results.

Our new drilling rig from Orion Drilling Company arrived on location on 23 August and was assembled over four days.  Drilling commenced after the rig carried out the appropriate equipment checks.  Our next three wells are planned from the original Wilson pad, and will be drilled to the North from that location.  These wells will be named Vega (Vega 1, Vega 2, and Vega 3).  For safety reasons, we have will shut in the two Wilson wells that are already drilled on that pad prior to commencing drilling.

 

13 July 2018:

We are seeing strong oil and gas production growth in our four new wells drilled from the Hovencamp pad as they build towards peak production.  Currently the four wells are averaging approximately 800 barrels of oil equivalent per day each.  We expect the production rates of these new wells to continue to grow and reach their peak production levels within the next week or two.  We are very pleased with their performance so far, including the very high percentage of higher value crude oil as a part of the production mix.

The Wilson 1H well, which had been temporarily shut-in during the completion operations of the nearby Hovencamp wells, is also continuing to increase its oil and gas production volumes.  The Wilson 1H is still producing large amounts of water, but is currently producing approximately 70 barrels of oil equivalent per day and continuously improving as it returns to its pre-shut in levels.  As we previously reported, the adjacent Wilson 2H well had returned to its pre-shut in production levels in late June and is currently producing approximately 275 barrel of oil equivalent per day.

 

 

 

 

 

 

 

Operations Update

27 August 2018

On 20 August 2018 we reported that each of the four new producing wells drilled on the Hovencamp pad averaged 1,128 barrels of oil equivalent per day per well over the last 30 days.   The wells are flowing into our new production facility, and after a few commissioning tweaks the facilities are now operating as planned.  The wells are still producing a considerable amount of water at over 250 barrels per day per well.  This is due to the more intense hydraulic fracturing design that was applied and having used fifty percent more water than our first two Wilson pad wells.  The wells are flowing at good pressures on their own at 480 psi average wellhead pressure.  We are obviously very pleased with these results.

Our new drilling rig from Orion Drilling Company arrived on location on 23 August and was assembled over four days.  Drilling commenced after the rig carried out the appropriate equipment checks.  Our next three wells are planned from the original Wilson pad, and will be drilled to the North from that location.  These wells will be named Vega (Vega 1, Vega 2, and Vega 3).  For safety reasons, we have will shut in the two Wilson wells that are already drilled on that pad prior to commencing drilling.

 

13 July 2018:

We are seeing strong oil and gas production growth in our four new wells drilled from the Hovencamp pad as they build towards peak production.  Currently the four wells are averaging approximately 800 barrels of oil equivalent per day each.  We expect the production rates of these new wells to continue to grow and reach their peak production levels within the next week or two.  We are very pleased with their performance so far, including the very high percentage of higher value crude oil as a part of the production mix.

The Wilson 1H well, which had been temporarily shut-in during the completion operations of the nearby Hovencamp wells, is also continuing to increase its oil and gas production volumes.  The Wilson 1H is still producing large amounts of water, but is currently producing approximately 70 barrels of oil equivalent per day and continuously improving as it returns to its pre-shut in levels.  As we previously reported, the adjacent Wilson 2H well had returned to its pre-shut in production levels in late June and is currently producing approximately 275 barrel of oil equivalent per day.

 

 

 

 

 

 

 

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