GREY:BOPFF - Post by User
Post by
BennyFarmson Feb 12, 2013 12:52pm
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Post# 20975363
Slave Point Are Companies Volative
Slave Point Are Companies Volative
OUTLOOK
Border has entered into the second phase of development of the Slave Point play on the 18,720 acre Loon Block. The Corporation’s first phase was to drill short, lower risk horizontal wells in the highest structural part of the Loon Block utilizing vertical well control and two-dimensional seismic. These wells were drilled and completed in the spring of 2012. This second phase involves stepping out and drilling to the west and south of the initial short-leg wells where the Slave Point formation is thicker utilizing long-leg wells (greater than 1000 meters) to further delineate the Loon Block. Drilling locations were selected utilizing vertical well control and two-dimensional seismic. Border planned to drill two long-leg wells and then acquire three-dimensional seismic data to identify the next prospective area of development. However, given the positive initial results presented by the first long-leg well, management has decided to delay drilling of the next well until it has completed an extended production test from the 10-15 Well and reviewed the recently acquired 3D seismic data over the area in proximity to the 10-15 Well with a view to licensing an offset well as soon as possible. Future drilling will balance continued step out drilling with development within the high porosity rock in proximity to the 10-15 Well. Border will provide additional information regarding the 10-15 Well and offsetting drilling as it becomes available.
