Nextraction Energy report that construction of the pipeline at the Provost Viking oil project has been completed.

The pipeline will transport the solution natural gas produced from the property to a third party pipeline for sales and processing. A multi-well oil battery is currently being constructed and is expected to be completed by the end of February. At that time, the 14-7 horizontal oil well that was drilled and tested in October 2011 (see News Release dated October 6, 2011) will be brought on production. The new battery will be capable of processing additional volumes from future drilling programs.

The Company is currently in the process of securing well licenses for two wells on the property, with the intention of drilling both wells as soon as approvals and appropriate equipment and services become available. Additional drilling locations are being acquired for a potential drilling program in the second half of the year.

Preparations are also underway to re-enter two existing vertical wellbores on the property with Viking oil potential, with one of these wells being on the acreage acquired at the Crown landsale in July 2011.

Tags: Nextraction Energy