For the 2nd time in less than 4 months, friends, family and insiders were privy to material information and acted upon it illegally benefitting from this information. I will be contacting the exchange and encourage everyone to do so. This 5 stage successful frac will result in about 20% of the rates DEE flowed due to mechanical problems, the first one of 16 wells to encounter problems. The only question I have is how do I become a friends and family memeber for well #3 since it's extremely profitable? This isn't necessarily a company control problem as the leak could have occurred anywhere along the food chain. However, I will not invest another penny in this play until Canaccord and Anonymous start buying since they are part of the chosen few and will be able to get in before anyone else.
stateside
Donnybrook's Bigstone well drills 2,744 m of Montney
2012-01-26 21:10 ET - News Release
Mr. Malcolm Todd reports
DONNYBROOK ENERGY INC.: BIGSTONE DRILLING & OPERATIONS UPDATE
Donnybrook Energy Inc.'s second Bigstone area horizontal well, Donnybrook Bigstone Hz 15-32-60-22 W5M (50-per-cent working interest), encountered 2,744 metres of high-quality Montney reservoir with strong gas shows and excellent penetration rates during drilling. The reservoir encountered is comparable to the Montney interval that was successfully completed in the Donnybrook Bigstone Hz 14-29-60-22 W5M (1,200 metres horizontal length) Montney discovery well which tested 4.3 mmcf/d and 295 barrels of NGLs (1,011 barrels of oil equivalent per day). The reservoir quality encountered while drilling the 15-32 well confirms the play and reservoir quality of the Montney at Bigstone extends at least as far north as the northern boundary of Donnybrook's 1,792 hectares 7 section (896 hectares 3.5 section net) contiguous land interests.
The 15-32 well is currently flowing natural gas, natural gas liquids and hydraulic fracture fluids and is undergoing clean up after completion of the 23 stage hydraulic fracture operation. During the hydraulic fracture operation, mechanical complications were encountered that have limited the number of stages that have definitively been identified as successful. The final 5 fracture stages were successfully completed with approximately 120 tons of proppant and fracture fluids placed. At this time, preparations are underway to put production tubing in place and to continue to flow the well. The flow rates for the 15- 32 well will be released once the well has had further time to clean up and the rates are stabilized.
A 2,760 metre extended reach horizontal well has been recently drilled and completed by an industry competitor offsetting Donnybrook's lands 800 metres to the west and parallel to Donnybrook's 14-29 well. This well terminated approximately 200 metres from Donnybrook's land block. The operator of the well reported a final 24 hour test rate, after a 4 day flow period, of 12.5 mmcf/d and 770 barrels of condensate per day and an estimated 30-35 bbls of NGLs/mmcf. This well further demonstrates the potential of the Montney reservoir to the west and indicates the reservoir continues to the northwest onto Donnybrook's land block.
Surveys have been completed and contracts are in place to construct a 1.5 mile tie-in for the 14-29 and 15-32 wells. Both wells were drilled from the same surface location and will be tied into shared surface facilities and pipeline. Field construction operations for the pipeline are expected to commence in mid February with the facilities ready for production to start April 1st.
Donnybrook is currently waiting on final surface lease approval to commence construction of 2 drilling pads that will facilitate the drilling of up to 6 additional horizontal Montney wells. Construction of the first surface wellsite is expected to be completed by mid February. Donnybrook anticipates this well will be drilled from a surface location at 4-28-60-22 W5M and will spud prior to the end of February.