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Artek Exploration Finds Liquids-Rich Montney Well

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Artek Exploration Finds Liquids-Rich Montney Well

Artek Exploration Ltd. has provided the following operational update.

In the Inga/Fireweed area, during the final two months of 2014, the Company drilled and completed two horizontal Doig wells and one Montney well.

The Doig horizontal well at 5-28-87-23W6M was completed using a 22 stage slickwater frac and has been on production for approximately 7 weeks. The well produced at an average controlled rate of 1,959 boe/d of which 1,319 bbl/d was free condensate and 73% was total liquids over the first 30 days of production and was still flowing at 1,410 PSI at the end of the period.

The second Doig at 5-27-87-23W6M well was completed using a 29 stage slickwater frac and averaged a controlled rate of 1,280 boe/d during the first 30 days of production of which approximately 930 bbl/d was free…

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