Invicta Energy Corp. report the completion of its second quarter 6 (3.3net) horizontal light oil well drilling program at Kindersley, Saskatchewan.
Due to wet weather conditions in the quarter four of these wells are still in initial flow back, but at favorable rates.
The first two wells of the program have been producing for two months at an average rate of 45 and 75 Bbls/d, respectively. Based on the initial production rates of the six wells, Invicta expects these wells to outperform the Company's forecasted type curve.
Current net field production is estimated to be over 400 Boe/d (85% light oil). As these wells stabilize they will be tied into the Company's production facilities.