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Long Run Advances Viking, Montney EOR Ops in 2015
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Long Run Exploration Ltd. announces financial, reserves and operating results for the year ended December 31, 2015.
2015 Annual Highlights: Advanced the Company's enhanced oil recovery projects in the Montney at Normandville and Girouxville and the Viking at Redwater. Both Montney projects have shown signs of reservoir response in the form of stabilizing and increasing fluid and oil rates as well as a downward trend in gas-oil ratios over the second half of 2015. Similar indications of reservoir response have begun to show in the Redwater Viking EOR project in recent months. Successful EOR implementation has the potential to improve recoveries, reduce production declines and improve capital efficiencies. Averaged 32,386 Boe/d of production compared to 31,168 Boe/d in 2014. The increase…- ✓ Full news archive — U.S., Canada & international coverage
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