Drilling & Completions | Drilling / Well Results | Key Wells | Drilling Activity

Clearview Details IP Rates from Latest Cardium, Bluesky Wells

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Clearview Resources Ltd. reported recent well results from its Wilson Creek and Windfall drilling areas.

Highlights:

• Wilson Creek Cardium horizontal well (85% WI) achieves IP120 of 243 BOPD – ahead of type-curve expectations

• Windfall Bluesky horizontal well (100% WI) achieves restricted IP30 of 102 BOPD with a current 14-day average of 198 BOPD

Wilson Creek

Clearview’s previously announced operated, horizontal well located on the Company’s Wilson Creek core property at 15-20-44-4W5M (85% working interest) has completed its IP120 and has recovered over 33,000 barrels of light oil to date.

During the IP120, the well produced a gross average of 243 barrels of light, sweet oil per day and 258 BOEPD. This production exceeds the Company’s type curve IP120 estimate for oil of 205 bopd.

The graph below depicts the 15-20 well’s oil production rate relative to the cumulative amount of oil produced along with the Company’s type curve for comparison. The 15-20 oil production rate has been increasing over time without any changes to the pumping and gathering system operating on the well.

The same surface pad location for 15-20 could be used to drill two additional wells of this type. The Company has mapped an additional 21 gross (14 net) Cardium horizontal drilling locations on this property.

Windfall

Over the first 32 days, the 1-3 well was produced at restricted rates during its cleanup phase into the Company’s operated oil facility. For its IP30, the well produced an average of 102 bopd and 286 thousand cubic feet of natural gas per day for a combined total of 149 boe/d.

The most recent 14-day average of production for 1-3 was 198 bopd and 305 boe/d. The Company’s type curve IP30 estimate for oil was 173 bopd. The graph below depicts the 1-3 well’s oil production rate relative to the cumulative amount of oil produced along with the Company’s type curve for comparison.

The productivity potential of the 1-3 well will become more defined over the coming months. The Company has mapped an additional 16 net Bluesky horizontal drilling locations on this property.