DXI Capital Corp V.DXI.H

SPUD TIME ...Then break out time for SP

[ROUGETRADER719]

Woodrush project -- timeline

Permit applications for the Woodrush drilling program were approved by the appropriate regulatory authorities on March 9, 2018. DXI has completed the following key steps/commenced final preparation operations prior to the initial well spud:

 

1. The final prestack, depth-migrated 3-D seismic data interpretation has further defined and enhanced the multiple drill targets available.
2. The optimal bottom hole locations of the first two wells have now been chosen without the requirement to survey, license or build new access or drill pads, easing the approval process of the British Columbia Oil and Gas Commission (BCOGC).
3. An authorization for expenditure (AFE) has been finalized.
4. A more favourable drill contract has been signed with Excalibur Drilling, and the rig is ready to commence mobilization from Fort St. John.