NEWS! Just a fine tuned drilling machine hitting on all cylinders. IMO
Solara Exploration Ltd (C-SAA) - News Release
Solara drills second Cardium well at Buck Lake
2010-12-09 12:27 ET - News Release
Shares issued 63,260,283
SAA.A Close 2010-12-07 C$ 0.47
Mr. Donald Holding reports
SOLARA EXPLORATION ANNOUNCES SECOND CARDIUM HORIZONTAL DRILLING SUCCESS
Solara Exploration Ltd. has recently completed the drilling and casing of its second Cardium horizontal well located in section 17-45-5 W5M of the Pembina (Buck Lake) area of Alberta.
The company will undertake the completion and stimulation (fracing) of the well over the next several days and anticipates that the well will be on production prior to year-end. This new well has been drilled within one-half of a mile of its initial producing Cardium oil and gas well.
Solara anticipates commencing the drilling of a third operated Cardium horizontal well within the next few days in the east half of section 9-45-5 W5M. The initial Cardium horizontal well, which is located in 13-9-45-5 W5M, has averaged approximately 750 barrels of oil equivalent a day over the past 20 days, consisting of 570 barrels a day of oil and 1.1 million cubic feet a day, or 180 barrels of oil equivalent a day, of natural gas. The well has continued to flow without the assistance of artificial lift equipment during this period.
Solara also advises that it has recently drilled and cased a horizontal well in the Dina formation on its 100-per-cent working interest lands in section 21-53-4 W4M at Dewberry in eastern Alberta. The company is proceeding with completion operations on the potential oil well and expects to have the well on full production within the next several days.
Solara will also be commencing drilling operations on a second Dina horizontal well on its lands within the next few days.