Exploration & Production | Operational Updates | Drilling / Well Results
TriOil Updates Guidance to Reflect Encouraging Production Results
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TriOil Resources Ltd. has provided an operations update on the Company's Montney , Cardium and Dunvegan programs.
Montney OperationsTriOil recently completed and brought on production its second horizontal Montney well. Over its initial 5 days of production, this well has produced at an average rate of approximately 950 BOE/d (51 percent NGLs) TriOil owns a 61% working interest in this well and plans to drill 2 to 3 follow up wells in the first half of 2014.
Current corporate production from the Company's Montney project is approximately 1,150 BOE/d (30% NGLs).
Cardium OperationsTriOil drilled its first long-reach horizontal Cardium well on the Western Lochend trend in late 2012. The well was drilled to a total depth of 5,402 metres with a horizontal length of 2,867 metres and was…
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