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Fresh Tracks Therapeutics Inc V.BBI


Primary Symbol: FRTX

Fresh Tracks Therapeutics, Inc. is not engaged in any business activities. The Company is in the process of dissolution.


GREY:FRTX - Post by User

Post by Pjanimalon Oct 06, 2017 9:22pm
563 Views
Post# 26788484

Kelt O4-01 well results.

Kelt O4-01 well results. I believe this well to be The Kelt HZ well on page 4 of the presentation.  fThe following was taken from the Kelt news release.

https://www.marketwired.com/press-release/kelt-provides-gas-marketing-update-and-announces-flow-through-equity-financing-2236379.htm


At Wembley/Pipestone, Alberta, Kelt is targeting the Montney formation in the volatile oil window where the reservoir is expected to be over-pressured. The Company has completed its first exploration well located at 00/04-01-072-08W6. The well was completed using the ball drop hydraulic fracturing method. The horizontal lateral of the well was approximately 2,900 metres and the well was completed using slick-water comprising 50 fracture stages. The well cost approximately $5.7 million to drill and complete. After flowing the well back on a 12 day clean-up, the well, over the last five days of the test, produced average sales volumes of approximately 1,567 BOE per day (64% oil, 20% NGLs and 16% gas). The high NGLs (35% are condensate/pentane) are a result of the high heat value of the gas and the ensuing deep-cut recoveries at the Wembley Gas Plant where Kelt has an ownership interest. The well has now been tied in to the Wembley Gas Plant, however, due to a compressor failure at the plant, the well is not expected to be put on production until mid-November 2017. Given the encouraging results from its first exploration well, the Company expects to follow-up with at least three more wells on its large Wembley/Pipestone land block prior to the end of 2018.
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