Exploration & Production | Quarterly / Earnings Reports
Canadian Spirit IDs 1,100 Montney Well Locations; Talks Q2 Wells
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Canadian Spirit Resources Inc. has reported its results for the three and six month periods ended June 30, 2013.
ProductionCSRI's sales volumes of natural gas during the three and six months ended June 30, 2013 averaged 1.3 MMcf/d (net) (2012: 1.9 MMcf/d (net)).
The Corporation has 5 (1.75 net) Montney wells being produced through its 10 MMcf/d (3.5 net) gas plant located on its western lands at Farrell Creek, British Columbia.
Farrell Creek OutlookFarrell Creek represents a significant natural gas resource in the Montney Formation. With over 26,000 net acres of Montney rights, CSRI has identified that over 1,100 gross well locations will be required to recover a portion of approximately 5 Tcf (net to CSRI) of natural gas-in-place. CSRI continues to focus on its eastern lands due to…
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