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Leucrotta Updates 4Q Progress

Leucrotta has announced an operational update.
During Q4 2014, Leucrotta drilled one Montney horizontal well (8-18) and is currently drilling the horizontal section of a second well (13-07). These are significant step-outs from Leucrotta’s original Lower Montney well (B4-19) that has been producing for over 7 months.
The 8-18 well was drilled horizontally without logging or coring the vertical section due to time constraints pertaining to an area land sale. Certain mechanical issues were encountered during the testing phase; however, at the end of the test period, the well was flowing up casing at a rate of approximately 375 boepd (20% condensate) plus approximately 400 bbls/day of frac fluid. The well is now shut-in to gather pressure data and will be retested at some point to help further…
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