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Iron Bridge Touts 38% Upswing in Montney Production in 2017
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Iron Bridge Resources reported its 2017 results.
Highlights:For the fourth quarter of 2017, the Company produced 1,946 boe/d on average from its Elmworth/Gold Creek Montney asset (28% light oil and NGL’s), reflecting a 38% increase over the 1,410 boe/d produced in the third quarter of 2017.
Drilling locations booked within the Elmworth/Gold Creek Mid-Montney oil window averaged approximately 870 Mboe per well location (33% light oil and NGLs) proved plus probable, which is a 34% increase over the year-end 2016 average location booking of 650 Mboe (proved plus probable), resulting in positive reserve revisions at year-end 2017 at Elmworth/Gold Creek.
The Company recently concluded its winter drilling program, which was comprised of four, 100% working interest horizontal Montney wells and…
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