RE:National BankLCX well development: https://ca.finance.yahoo.com/news/lycos-energy-inc-announces-closing-132100568.html
Lycos is pleased to provide results on its most recent Mannville multi-lateral oil wells, consisting of one extended reach "sweeper" 17,000m fishbone, three shorter fishbones, one conventional multi-lateral and two new generation "wine rack" multi-laterals.
Five of the seven wells on stream have substantially outperformed expectations. Lycos is very encouraged by the "sweeper" extended length Sparky fishbone, with an IP25 of over 375 boe/d, making it the best fishbone well drilled by the Company to date. Drilling length, well geometry and changes in drilling design have substantially increased observed initial rates. The two Alberta Sparky wells were drilled with prior generation fluid systems and have taken longer to clean up. Both wells continue to improve in oil rates and decline in water rates.
| Well Type | Drilled
Length (m) | Cumulative
Oil (bbl) | Production
Rate Since
Inception (boe/d) | Current
Production
Rate (boe/d) | Zone | Production
Days On |
| Sweeper Fishbone | 17,150 | 9,915 | 397 | 375 | Sparky | 25 |
| Wine Rack | 10,859 | 8,505 | 340 | 300 | Sparky/GP | 25 |
| 8 Leg Multi-lateral | 10,163 | 17,040 | 289 | 255 | Rex | 59 |
| Wine Rack | 8,025 | 5,185 | 288 | 260 | Sparky/GP | 18 |
| Half Fishbone | 13,424 | 14,720 | 189 | 152 | Rex | 78 |
| Fishbone | 7,349 | 5,532 | 77 | 125 | Sparky | 72 |
| Fishbone | 9,858 | 7,412 | 96 | 108 | Sparky | 77 |
Lycos plans to bring on one more "wine rack" well, two more fishbones and one more conventional multi-lateral by year end. The Company's current production exceeds 4,000 boe/d.