Exploration & Production
Equal Energy JVs Mississippi Lime Asset and Drills its Best Cardium Well
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Equal Energy Ltd. , is pleased to announce its financial and operating results for the second quarter ended June 30, 2012.
Mississippian Oil Venture
In the second quarter we partially monetized our Mississippian asset base in Oklahoma for proceeds of US$18.1 million. This had been part of our plan for some time and we are especially pleased to have achieved this with a solid joint venture partner in Atlas Energy. We retained a 50% interest and are now focused on oil development in this play.
Our first Mississippian well in the joint venture with Atlas was spud on June 17, 2012. The well has been cased and completion is underway. A second well is currently being drilled. The venture intends to drill a minimum of six horizontal wells in 2012 and is on track to meet this objective. We…
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