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Artek: Slickwater Fracs Bolster Montney Results
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Artek Exploration Ltd. reported the following operational update:
In the Inga/Fireweed area, the Company's A-65-I Horizontal Montney well that was completed with a slickwater frac in the second quarter of 2014 has been on production for 30 days and during that time period averaged approximately 903 boe/d of which 513 bbl/d or 55% was free condensate and 67% was total liquids. Based on September 2014 pricing the well generated an operating netback of approximately $50/boe resulting in cash flow of approximately $1.4 million ranking it as one of the top producing Montney wells in British Columbia based on initial data and public production data available. The Company completed the Upper Montney using a 33 stage slickwater frac program. The Company is very pleased with the initial production…
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