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Athabasca Provides 2Q12 Duvernay and Montney Results
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Athabasca Oil Corporation reported second quarter 2012 operational results.
Highlights include:
• 13% increase in contingent resource (best estimate) to 10,401 million barrels (bbl);
• Thermal Assisted Gravity Drainage (TAGD) "proof of concept" field test successfully delivered all test targets, paving the way to approval and construction of the TAGD pilot/demonstration project;
• The Light Oil Division re-tested its Kaybob Duvernay well at a stabilized rate of 800 barrels of oil equivalent per day (boe/d) reporting a 70% increase in oil rate (650 bbl/d of 43°API oil) at a flowing pressure of approximately 7,000 kiloPascals gauge (kPag);
• More than 7,000 boe/d of production from the Light Oil Division (50% oil and NGLs) behind pipe, awaiting completion of Athabasca’s wholly-owned treating…
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