Exploration & Production | Drilling & Completions
Sundance Plans Canadian Bakken Vertical Test Well
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Sundance Energy Corporation has drilled, logged and cased a test well at 16-11-56-27-W4M (the 16A-11 Test Well) on its 27 contiguous section (17,280 acre) Alexander Property.
The Alexander Property is located just northeast of the city of Edmonton, Alberta and immediately adjacent to a Detrital Sand and Alexander Sand light oilfield that is undergoing continued development by another operator.
As previously announced, 33% of the costs to drill, complete and equip the 16A-11 Test Well were paid by various participants in order to earn a 21% working interest in the well and the applicable drilling spacing unit and a right to participate for a 17.5% working interest in future wells drilled on 5 of the 27 sections that comprise the Alexander Property. Sundance is paying 17% of the costs to…
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