Girouxville This is a statement from Breaker Energy, Guardian's partner at Girouxville. Notice there is a 4 well program that was kicked off early in Q3. We haven't heard anything from Guardian about their participation in one or more of these wells. Breaker does have wells at Girouxville that Guardian doesn't have any farm in rights to. Hopefully Guardian will participate in the max number of these Girouxville wells. Bobwins
At Girouxville, Breaker is capitalizing on its recent 100 percent success
rate and large inventory of deep light oil exploratory prospects that qualify
for the $1 million maximum royalty holiday. The 7-3-76-22W5, drilled during
the second quarter, has initial production rates of 375 bbls/d (170 bbls/d
net) of light sweet oil with netbacks near $120/bbl based on mid-July oil
prices. A four gross (2 net) well program with multi-zone targets supported by
joint proprietary 3D seismic was kicked off early in the third quarter. The
first well in this program was completed in the Granite Wash formation, with
Beaverhill Lake sand still behind pipe, and tested at rates over 500 bbls/d
(250 bbls/d net) light, sweet oil. Additional operated wells at varying
working interests and increased seismic acquisitions are also planned.