Manitok Energy Inc. (Ticker: MEI) announced initial production test results from the second horizontal well of its Q4 drilling program.
Source: Manitok Energy
The 13-33-022-25W4 horizontal well, in which Manitok has 100% working interest, in Carseland, targeted the Lithic Glauconitic (“LG”) zone and was completed with a multi-stage fracture stimulation. In the last 24 hours of the production test, and after flowing back for about five days, the 13-33 well produced 442 BOEPD comprised of 275 BOPD of light oil and 1.0 Mmcf/d of natural gas.
With the addition of the previously announced 14-32-022-25W4 well’s production test rate of 674 BOEPD, comprised of 270 BOPD of light oil and 2.4 Mmcf/d of natural gas, and the 13-33 well, Manitok has added approximately 890 BOEPD (49% oil) of initial production capability (restricted at approximately 80% of test rates) at Carseland to compliment the offsetting wells located at 15-32-022-25W4 and 16-32-022-25W4, which have cumulatively produced about 397 MBOE (30% oil and 70% raw natural gas with 28 bbls/Mmcf of NGLs) since being placed on production in early 2015.
The 14-32 and 13-33 wells will be placed on production before the end of November 2016. Manitok has drilled, and is currently completing, a LG targeted well on its Wayne property at 15-19-028-21W4 and has drilled a third LG targeted well on its Carseland property at 10-04-023-25W4 and is now awaiting completion operations.
Manitok is focused on conventional Mannville and Cardium oil and gas reservoirs in both southeast, and west central Alberta.
