Manitok Energy Inc. has drilled, completed and tested a 100% working interest horizontal well at 16-32-22-25W4, testing the Lithic Glauconitic (Glauc) formation in the southern end of Manitok's Entice Land Base (Entice). This is the fourth well of a planned 10 horizontal well program in Entice.
The well was completed with a 15 stage fracture completion and tested at an average flowing rate of 804 boe/d, composed of 321 bbls/d of 41°API oil and 2.9 Mmcf/d of natural gas over 16.5 days. The average flowing rate for the well over the last 24 hours was 320 bbls/d of 41°API oil and 3.2 Mmcf/d of natural gas. The cost to drill and complete the 16-32-22-25W4 well was approximately $2.4 million.
The 16-32-22-25W4 well offsets the successful 100% working interest 15-32-22-25W4 Glauc well previously reported on August 28, 2014, which tested at an average flowing rate of 761 boe/d (328 bbls/d of 40°API oil and 2.6 Mmcf/d of natural gas) over 6 days.