Donnycreek Energy (TSX: V.DCK, Stock Forum) advanced its production aims on its Montney resource play located in the Kakwa area of west central Alberta when the company announced today that all three of its 50% working interest wells from the company's first three-well pad had been successfully completed and flow tested.
According to the news release, the aforementioned wells are being prepped for production start-up in September 2014, however, the company has been informed that the mid-stream gas plant operator has scheduled a 16-day plant turnaround in mid-September that is expected to cause all company Kakwa production to be shut in for the duration of the turnaround, pushing full-production to October 2014.
The company is using a second rig to drill more Montney horizontal wells on the Kakwa acreage.
Donnycreek Energy was in the news recently when the company announced Q3 2014 financial results and a field operations update at the end of June.
Shares edged up 1.38% on the news to $2.20 per share.
Currently there are 55.0m outstanding shares with a market cap of $121.1 million.