Operational Updates | Deals - Acquisition, Mergers, Divestitures
Chinook Updates Peace River Asset Sale, Tunisian Ops
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Chinook Energy Inc. has reported the following operational update on its Tunisian operations and Canadian non-core asset sale.
Bir Ben Tartar Concession, TunisiaTT-11 Horizontal Well Initial Flow Rates
The TT-11 well is Chinook's third horizontal well test of the Ordovician Quartzite Reservoir on the Bir Ben Tartar Concession (the "BBT Concession"). Partners in the concession are block holder, Enterprise Tunisienne D'Activites de Petrolieres ("ETAP"), and contractors, Chinook (86% interest) and Cygam Energy Inc. (14% interest).
Completion operations on TT-11 commenced on October 22, 2012 and, following a 12-stage fracture stimulation placing a total of 447,810 pounds of proppant, production testing began on October 24, 2012. Over the initial 144 hour flow period, the TT-11 well flowed…
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