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Granite Oil Corp GXOCF

Energy
Granite Oil Corp is a Canada-based oil producer based in Calgary, Alberta with lands and operations located in southern Alberta. The company is engaged in the exploration for and exploitation, development, and production of oil and natural gas. Its Alberta Bakken Properties are located in southern Alberta at the south of Lethbridge.


OTCQX:GXOCF - Post by User

Granite Oil Corp > New Well
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Comment by TheHammyburgleron Sep 22, 2016 5:12pm
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Post# 25267688

RE:New Well

RE:New Well
Forgot to mention any specifics

It is the second of 5 wells to be drilled in the second half of 2016 and was drilled in a re-pressured area of their Bakken.

Production avg was 370 bbls/d of oil and 900 mscf/d of natural gas over their nine day test. 

Currently flowing at a restricted rate of 350 bbls/d and 1500 mscf/d.

Well cost was $1.2mil, same as the last.
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