Exploration & Production
Shoreline Energy Drills Third Montney Shale Well
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Shoreline Energy is pleased to provide the following operational update;
Operational Update
Drilling operations have begun on the Company's third Montney horizontal 100% working interest light oil well.
Shoreline has tested its most recent and most prolific Charlie Lake Horizontal well (44.8% WI). A 24 hour flow test averaged over 500 bbls/d clean oil and 1 Mmcf/d at flowing pressures of 3200 kPa SICP and 1020 kPa FTP. This well is expected to produce 200 bbls/d and 450 mcf/d when brought on stream. Since closing the recent financing the Company has drilled 4 gross (2.9 net) horizontal oil wells in its Progress, Tangent and Valhalla core development areas. 3 gross (1.9 net) net wells oil wells have been completed and production tested. 1 gross (1.0 net) has commenced completion…- ✓ Full news archive — U.S., Canada & international coverage
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