RMP's Unrestricted Results (IP-24s) in Elmworth/Gold CreekI think the market is very concerned with RMP's Montney results from its latest 2 wells in Elmworth/Gold Creek. Another poster said that RMP's results from Gold Creek/Elmworth were underwhelming, I will say that they were unexpectedly disappointing.
UNRESTRICTED IP-24s for highly economic Montney wells should be above 800 boepd and RMP's first result from Elmworth/Gold Creek at 1,130 boepd was really good. But RMP's latest results (IP-24) in Gold Creek from the latest 2 wells are
just 390 boepd and 600 boepd: Elmworth (Gold Creek) Montney, West Central Alberta
At Elmworth (formerly known as Gold Creek) during the first quarter of 2017, the Company commenced the strategic delineation of the areal extent of the hydrocarbon-bearing Middle Montney reservoir oil window.
As follow-up to last year's successful exploration well (3-22-68-3W6), RMP drilled two more wells at Elmworth. A 100% working interest, exploration well (8-25-68-4W6) was drilled and completed with hybrid slick-water, approximately one township to the west of the Company's 3-22 well. The 8-25 well production test results were successful, with flow-back results indicating the discovery of a new oil pool and demonstrating the Middle Montney reservoir to be oil bearing and gas charged. The 8-25 well was drilled to a total measured depth of 4,523 metres, with 2,208 metres of horizontal section. The production flow test was for a 173-hour period (approximately seven days). Over the last 72 hours of the production test, the 8-25 well tested at an average rate of approximately 220 bbls/d of 45-degree API crude oil and approximately 1.0 MMcf/d of natural gas, resulting in an oil-equivalent rate of approximately 390 boe/d.
The Company also successfully drilled and completed its third, 100% working interest well in the Middle Montney oil window at Elmworth (4-18-68-2W6). Drilled from the same surface lease pad as the 3-22 well, the 4-18 well is a 'step-out' to the southeast. The 4-18 delineation well, drilled to a total measured depth of 4,935 metres with 2,518 metres of horizontal length, was fracture stimulated with hybrid slick-water. The production flow test was for a 165-hour period (approximately seven days). Over the last 72 hours of the production test, the 4-18 well tested at an average rate of approximately 200 bbls/d of 45-degree API crude oil and 2.3 MMcf/d of natural gas, resulting in an oil-equivalent rate of approximately 600 boe/d.