Well is completedhttps://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aGX-2027742&symbol=GX®ion=C
The well reached a total measured depth of 2,300 metres, of which 1,200 metres is a horizontal, open-hole completion through the targeted Pekisko formation. Initial analysis indicates that 70 per cent of the horizontal section encountered hydrocarbons with high gas shows and visible oil. The well was initially planned to be drilled to a total measured depth of 1,800 metres, but, due to the target formation continuing farther south than initially expected, the well was drilled another 500 metres. No significant operational issues were encountered, and all costs over the budgeted $900,000 were associated with the added length of the horizontal leg.