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Crocotta Ramps Up Cardium Locations; IDs 46
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Crocotta Energy Inc. has reported an update on its Cardium operations, including results to date.
Edson Cardium ProgramCrocotta has drilled or participated in drilling a total of 15 Cardium horizontal oil wells in the Edson Area since late 2011.
Average results to date from each of the 11 wells that have been on production for more than 90 days is as follows:
In Q113, Crocotta signed farm-in agreements covering approximately 10 sections of highly prospective Cardium lands and based on internal mapping has added approximately 21 gross (16 net) Cardium horizontal oil locations to its drilling inventory. As at the end of Q113, the total number of high graded Cardium locations (net of Q113 drilling) has increased to 46 net locations.
Based on current on-stream costs of approximately $3.35…
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