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Artek Exploration Operations Update
Operations Review
Based on field estimates Artek's average production for the last week of November, 2014 was approximately 5,500 boe/d (in excess of 40% liquids), which includes contribution from two recently completed Doig wells, which were stimulated with 22 stage and 29 stage slickwater fracs respectively, and are at various stages of flowing back inline.
The Company continues to be very pleased with the progressively improving results achieved using slickwater frac technology and looks forward to reporting the first month's production rate on both wells in the next several weeks.
In addition, the Company is currently completing a Montney well scheduled to be stimulated with a 36 stage slickwater frac and is drilling out the horizontal lateral on a Doig well which is scheduled for completion around the middle of December. Both of these final two wells are in the Fireweed area and are anticipated to be on production by the end of the year or early January resulting in significant production momentum heading into 2015.
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