Canada Energy Partners Announces Commencement of Montney Drilling and ...
14.06.10
Is contented to announce that
completion operations have begun on the Portage c-20-E flat
Montney well. The Joint Make bold Partner's decision to penetrate this well
horizontally was based, in bountiful part, upon significant gas shows
that were encountered in the Doig and Montney formations during the
drilling of the vertical distribute of this well. The Montney formation
will be tested via a multi-Thespianism fracture stimulation with later
production testing. This treat is expected to take 3 weeks.
In appendix, the Joint Venture Confederate of the Project plans to start
the drilling of a flawed horizontal Montney well old to July 15th.
The location has been selected and a drilling bearing submitted.
This well is expected to be completed and tested in beforehand Q4 2010.
Canada Energy is carried by its union venture partner through the
fulfilment of the c-20-E and the next $11 million of seam
exploration expenditures. Canada Dynamism will have a 50% working
interest in the serious rights at Peace River upon the Union Venture
Partner finish of its earn-in obligations.
Source: MarketWatch (press release)
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