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InPlay Oil Announces 2019 Budget, Drilling Plans; DUCs, New Cardium Wells
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InPlay Oil Corp. has announced its 2019 capital plan.
**The Company’s 2019 guidance is based on a current future commodity price curve with an annual average WTI price of US$ 54.00/bbl, $1.50/mcf AECO and with estimates on foreign exchange of 0.75 CDN/USD and an Edmonton light sweet differential of ($7.50) US$/bbl.
2019 Details:- 2019 Capex: $36 million (down slightly (-5%) from $38 million for 2018)
- 2019 Production Guidance: 4,900-5,100 BOEPD
- Well Plans: Completion of the two DUCs drilled in 4Q18 / 9 net horizontal wells with the majority being ERH Cardium wells in our core Willesden Green bioturbated play
D&C activity is down about 50% from 2018 Latest Extended Lateral Well ResultsThe last two ERH wells that came on production had the following results:
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