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Artek Drills High Liquid Montney Well

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Artek Drills High Liquid Montney Well

Artek Exploration Ltd. of Calgary, Alberta has provided the following operations update: Late in fourth quarter, 2013 Artek drilled a successful Montney horizontal well from the 10-17-87-23W6M pad in the Inga South area.

The well was completed with a total of 31 fracture intervals using a slickwater hybrid frac treatment. After a 140 hour clean up and production test period, the well was flowing at a stabilized average rate of 1.7 mmcf/d and 503 bbls/d of free condensate or 794 boe/d (63% C5+) over the 102 hour period subsequent to drilling out the packers at a flowing pressure of 389 PSI with approximately 80% or 8,800 m3 of load water left to recover.

The Company is very pleased with the high liquids rate from the well with yields of free liquids ranging from 214 to 289 bbls/mmcf…

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