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Operator Touts East Duvernay Shale Light Oil Discovery
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We continue to prudently advance the evaluation of this emerging light oil play in central Alberta. The East Duvernay Shale is an early stage, high netback light oil resource play where we have amassed over 430 sections of land. The early focus has been to delineate and evaluate the potential depth of this light oil resource.
Our development has taken an important step forward with two new light oil discovery wells in the Pembina area located approximately 5 and 7 miles south of our initial 14-36 discovery well. These two wells established an average 30-day initial production rate of approximately 750 boe/d per well (88% oil and NGLs).
We are also following up the initial 14-36 discovery with two additional wells from the…
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