Cequence Energy Ltd. provides the results from its first Dunvegan horizontal gas well at Simonette/Resthaven. The Cequence operated 10-02-061-02W6 well was drilled to a final measured depth of 4,443 meters, including approximately 1,791 meters of horizontal section in the Dunvegan formation.

A total of sixteen 40 tonne fracs were successfully placed using a frac port system. The well flowed on clean-up for 53 hours at a final rate of 16.4 MMcf/d plus liquids with 2380 psi flowing casing pressure. The well is currently producing at a facilities restricted rate of 8.0 mmcf/d at a flowing casing pressure of 2770 psi. The 10-02 well is the second of three farm-in commitment wells and Cequence will retain a 65 percent working interest in nine sections of prospective land at Resthaven.

Cequence management believes that this successful test validates up to 12.0 (7.8 net) locations for liquids rich natural gas in the Dunvegan formation. Well costs to drill and complete the 10-02 well are estimated to be approximately $8.5 million and are expected to decrease as the pool is developed in the future.

Tags: Cequence Energy Ltd.