Drilling / Well Results | Key Wells | Production Rates | Drilling Activity
Point Loma Sees Increasing Output Flow at Latest Rex Oil Discovery
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Point Loma Resources Ltd. has achieved first oil production from the Corporation’s Wizard Lake Rex oil discovery (Mannville formation).
The Wizard Lake 16-17-48-27W4 Rex oil well was placed on production June 5, 2019. Current production is estimated at 275 bbls of oil per day (gross), 192 (net). Production continues to increase as the pump speed is optimized and the well continues to clean up as similar to analog wells in the area.
Total production for Point Loma is now approximately 900 boepd and oil and ngl weighting has increased to approximately 40%.
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