Exploration & Production
Artek Exploration Ltd. Provides Operations Update
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Artek Exploration Ltd., is pleased to provide the following operational update. The Company has successfully drilled and completed its fifth of a seven horizontal well program (60% working interest) planned for 2012 at A16-10-88-23W6 at the most northerly end of its Doig natural gas and condensate trend in the Inga area of British Columbia. After a 93 hour in-line production test period, the horizontal well was still cleaning up and flowing from the Doig Formation, over the last 6 hours of the test period, at a restricted average rate of approximately 6.4 mmcf/d of natural gas (31% load C3) and 1,351 bbls/d of condensate, or a total of 2,424 boe/d which is the equivalent of 2,086 boe/d (65% condensate) net of load at a flowing pressure of 1,486 PSI.
The well was drilled to a lateral…
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