Yoho Resources Inc. provides an update of Duvernay drilling and completion operations at Kaybob, Alberta.

Kaybob, Alberta

At Kaybob, Yoho operated the drilling and completion of the first two horizontal Duvernay development wells from a pad site at 15P-16-62-21 W5 targeting the Devonian Duvernay shale. The first well located at 14-21-62-21 W5 (75% working interest) was drilled to a measured depth of 4,943 meters. The horizontal lateral was 1,536 meters in length within the Duvernay shale formation. The well was drilled and cased over 33 days at a cost of approximately $4.5 million. Well completion operations commenced in late December 2012 using a "plug and perf" completion method. The well was fracture stimulated in 15 stages with 51 perf clusters using 2,217 tonnes of sand and 18,940 m3 of completion fluid. Following the fracs, the pumpdown bridge plugs were drilled out with a coiled tubing unit and production tubing was snubbed in. The total estimated cost of the completion is approximately $6.6 million, bringing the total cost to drill, complete and test the well at approximately $11.1 million.

During initial clean-up, the 14-21 well flowed at restricted rates of up to 8.5 MMcf (239.4 e3m3) per day (approximately 2,508 boe per day including condensate and natural gas liquids).

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