Exploration & Production
Celtic Exploration Reports Duvernay Drilling Progress
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At Kaybob, Alberta, the Company continued its delineation of the Devonian Duvernay play by drilling 2 gross (1.9 net) wells. A horizontal well located at 16-33-59-19W5 (86% WI) was drilled to a measured depth of 4,931 metres and is currently being completed. A vertical well located at 4-11-59-19W5 (100% WI) was drilled to a total vertical depth of 3,271 metres.
At Kaybob, Celtic has commenced construction of a 150 MMCF per day gas processing facility located at 15-7- 60-18W5. This facility has been designed to gather condensate and recover certain amounts of liquefied natural gas (butane and propane). The remaining natural gas will be shipped on the Alliance Pipeline System and pursuant to the Company's previously announced arrangement with Aux Sable Canada LP, Celtic will receive…
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