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Contact Exploration Montney Wells Flows 2,532 boe/d (950 boe/d Net)

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Contact Exploration Inc. announced that the results of a horizontal Montney well (the "13-17 Well") has been successfully drilled and completed with a 15 stage water-based foam frac. Following a 96 hour frac flow back, the well was still cleaning up, with average gross production rates over the final 24 hours of production testing being 1,150 bbl/d condensate and 8,290 mscf/d gas, being 2,532 boe/d combined (431 bbl/d and 3,109 mscf/d, or 950 boe/d combined, net to Contact and before payout) against a wellhead pressure of 1,100psi.

In addition to well head condensate, the gas analysis from the 13-17 Well suggests that an additional 25-35 bbl/mmscf of natural gas liquids are recoverable through typical refrigeration processing, and up to 70 bbl/mmscf if deep cut processing is available.

The…

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