Alston tests 102/10-07-56-26W4 at 294 bbl/d of oil
2011-07-06 06:18 PT -News Release
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ALO Close 2011-07-05 C
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Mr. Don Umbach reports
ALSTON VENTURES INC. ANNOUNCES OPERATIONS UPDATE
Alston Ventures Inc. has completed a successful production test at the second of two wells drilled in the Alexander area of central Alberta, as noted in a previous news release dated June 16, 2011.
After recovery of all load fluid, in 6.67 hours of swabbing operations at102/10-07-56-26W4, the operator reports that the well produced at an average rate of 294 barrels per day of 32 degrees American Petroleum Institute sweet oil and 213,000 cubic feet per day of natural gas, or approximately 329 barrels of oil equivalent per day.
The 102/10-07well is completed in the Alexander sand and is a follow-up to the discovery well at 11-07-56-26W4, which produced 5,414 barrels of oil in212 days from this same zone, before being shut-in, in favour of producing oil from the Lower BQ/Ellerslie oil pool. Plans are already under way to tie in this well for Aug. 1, 2011, start of production.Pump equipment is being installed to handle up to 230 barrels of total well effluent per day, to generate up to 170 barrels of oil equivalent per day. Alston owns a 15-per-cent working interest in this well.
The Alexander sand is the second oil producing zone in Section 7-56-26W4.Three existing wells at 11-07-56-26W4, 13-07-56-26W4 and 06-07-56-26W4 are all completed in the BQ/Ellerslie oil pool and all three wells also contain the same Alexander sand, as identified on well logs. All three locations are a good candidate for a second vertical well, targeting oil in the Alexander sand. In addition, a fourth undrilled location is identified in the same lands, which is prospective for the Alexander sand. Alston owns a 15-per-cent working interest in all four locations.