American Eagle Energy Corporation provided an update on its Spyglass Bakken and Three Forks Project in Divide County, North Dakota. Significant progress on both operated and non-operated wells has been achieved recently, including initial production from the Company's first operated well, the Christianson 15-12-163-101 well ("Christianson 15-12").
American Eagle put the Christianson 15-12 on production from the Three Forks Formation after completing the cleanout of the lateral section and installation of production equipment. It has averaged approximately 625 BOPD with a current oil cut of 50% after four days of production and recovery of about 10% of the load water. Offset producing wells have stabilized at an approximate 65% oil cut after several months of production.