RE: First Bakken wellAs usual "puss" gets it wrong.....but his misinformation is nothing new......
Spring Coulee Well
The Company's first Southern Alberta Bakken horizontal well, located at Spring Coulee on Freehold acreage has been completed. The well is now being equipped for production and first production is anticipated within the next week. The well was drilled directionally to a depth of 2,197 meters with a pilot hole through the Bakken system. Cores were taken in the Second White Specks and in the Bakken petroleum system, including the lower Banff, the Exshaw and the Big Valley formations. Analysis of the Bakken system core is consistent with Company's expectations including vitrinite reflectance analysis which indicates that the well is in an area that is optimally located for peak oil generation. The horizontal section of the well was drilled to a 1,230 meter length and completed with a 20 stage hydraulic fracture stimulation using water based fluids. Following stimulation, the well was cleaned up for 15 days and recovered approximately half of the injected fracture fluid together with 1,380 bbls of light oil. At the end of the 15 day clean up the well was swab tested at a rate of approximately 220 bbls/day of oil at a 65% oil cut. The oil cut increased steadily throughout the clean up and swab test, as water based injected load fluid from the fracture stimulation was recovered from the well. In accordance with its joint venture agreement with Legacy Oil + Gas Inc. ("Legacy"), Bowood incurred 20% of the costs to drill and complete the Spring Coulee well and retains a 50% working interest in the well and surrounding lands.