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Northern Petroleum provides update on Canadian operations


Published May 13, 2014
Northern Petroleum-4

Northern Petroleum provides the following production update on the three wells in north west Alberta, Canada. As announced on 3 April 2014, all the wells were successfully drilled and completed as planned and operations then moved to a production testing phase.

Highlights § Production results support the development of the Keg River play as part of the low risk production led growth strategy § 13-33 and 14-22 both currently producing at a combined test rate of 280 bbls/d § 16-19 initially produced as expected; a cemented liner now needs to be run to replace the inflatable packer and isolate the water aquifer below the oil column § Production being trucked and sold locally at a sales price of approximately Cdn$96 per barrel § Short and medium term development of the play underway with three new wells planned in the summer

Tags: Northern Petroleum




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