Lycos Energy Inc V.LCX

Alternate Symbol(s): LCXEF

Energy Oil & Gas E&P

Lycos Energy Inc. is an oil-focused, exploration, development and production company based in Calgary, Alberta. The Company is engaged in the exploration for and development of petroleum and natural gas production in western Canada. The Company is engaged in operating heavy-oil, development assets in the Lloydminster, Greater Lloydminster area and Gull Lake, Saskatchewan. The Company also owns approximately 12,335 net acres of Wyatt land, including over 20 net drilling locations, which has a production of about 400 barrels of oil equivalent per day (boe/d). Its acquisition focus is primarily in the Lloydminster area. In addition, the Company retains low-decline, long-life producing assets in the Gull Lake / Swift Current area in Southwest Saskatchewan.

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Lycos Energy Inc > Saskatchewan Drilling

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Comment by uwebb429on Jul 02, 2024 1:44am

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Post# 36113861

RE:Saskatchewan Drilling

The 04-05 Saskatchewan border drilling location shows 6 multi-lateral legs heading towards the south southwest in the direction of Lloydminster. These are the multi-lateral wells that Lycos is presently drilling.

There are also 4 legs that head northwest from the same 04-05 location. When finished there they will move the rig one mile east and do some more multi-lateral drilling at the next site, LSD 04-04-051-27 W3. All wells have been licenced and are ready to be drilled.

The previous wells in this area are mostly vertical wells now owned by Cenovus that were abandoned 20, 40 or more than 60+ years ago. This field reached a point where it was no longer economic with vertical drilling. I have a good feeling that the latest drilling technology that Lycos is using is about to change the economics of this area.

https://i.imgur.com/kxkRI9M.png

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