Exploration & Production | Capital Markets | Private Equity Activity
Long Run Exploration Testing Duvernay Shale
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Long Run Exploration Ltd. is pleased to provide an operational update to the end of November, 2012.
Earlier in 2012 Long Run drilled a Duvernay vertical test well to obtain reservoir information. Preliminary laboratory test results on core samples are encouraging and analysis is ongoing. We look forward to updating results in these projects as they become available.
Long Run has drilled 20.8 wells (net) in the fourth quarter to-date, with an additional 10 wells (net) planned for the remainder of 2012. Of those already drilled, 5.8 (net) have been horizontal wells targeting crude oil in the Montney zone in the Peace River area and 7 (net) have targeted the Viking zone in the Edmonton area. After the impact of the previously announced $180 million Saskatchewan Viking asset sale of…
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