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Donnycreek Aims 2014 Budget at Montney; Spuds 7th Well
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Donnycreek Energy Inc. has reported a financial and operational for the year ended July 31, 2013 with 2012 comparatives.
Donnycreek's capital budget for fiscal 2014 allocates approximately $38.9 million to its Kakwa and Wapiti properties which are expected to be funded from cash on hand and funds flow from operations. In addition to the operations outlined below at Kakwa and Wapiti, the fiscal 2014 budget includes the drilling of 4 additional Montney wells at Kakwa to bring the total number of wells drilled to 11 gross (5 net) on our 19 gross (8.9 net) section Kakwa land block by July 31, 2014.
Operations Update - KakwaDonnycreek's seventh horizontal Montney well spud on November 10, 2013 targeting the middle Montney formation from a surface location at 16-8-63-5 W6M with a bottom hole…
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