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Delta Oil and Gas has reported that Natural Gas and Condensate production for its recently drilled and completed Donner #4 well, located in Newton County, Texas, is showing signs of stabilized production at approximately 400 MCF per day of sweet gas and 1 – 2 barrels of condensate per day.
This recently completed well is expected to be a solid producer at a consistent rate into the future.
The Donner #4 well is the third successful well drilled in this prospect for Delta and its partner, Hillcrest Resources Ltd. (HRH:CA). The previously drilled Donner #1 has been consistently flowing high quality oil at a daily rate of between 40 and 48 barrels of oil on a restricted 5/64” choke. The Donner #1 production has not changed in almost 2 years with no signs of decline or water intrusion. The previously drilled Donner #2 sweet gas well is producing in the range of 400 MCF of natural gas per day.
Christopher Paton-Gay, Delta’s CEO stated: "With the ongoing goal of increasing shareholder value in Delta, we are pleased with the results and performance of each of these three wells. Delta’s proportionate share of the revenue from these wells and the increase in reserve report value for the property as a whole with each additional successful well greatly helps Delta improve value for its shareholders and gives Delta the further ability to seek out and develop additional wells and properties in due course."