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Altura Energy Talks Mannville Discovery, 2017 Drilling Plan
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Altura Energy Inc. has provided an operations update.
2017 Capital Budget Capital development budget of $17.0 million for 2017, funded with cash flow from operating activities and working capital. Includes 11.0 gross (10.2 net) horizontal wells targeting the Upper Mannville Total drilling, completion, equipping and tie-in capital of $12.4 million. Up to $2.0 million will be allocated to acquiring undeveloped land and seismic, $2.1 million will be allocated to waterflood infrastructure in the Eyehill area $0.5 million will be allocated to abandonment, reclamation and other corporate costs. Based on the $12.4 million of well related capital and other assumptions, the proposed 11 well drilling program is forecasted by Altura to add approximately 750 boe per day by December 2017 which…- ✓ Full news archive — U.S., Canada & international coverage
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