Arctic Hunter increases production at Landrose
- Arctic Hunter announce that the Company has placed on production its recently drilled and completed well on the Company's Landrose property in west central Saskatchewan in the Company's core heavy oil operating area.
Since being placed on production in late January 2012, the well has produced at an average rate of 50 bbls/d of heavy oil. The Company had entered into a Sub-Participation Agreement with Alberta Star Development Corp. and under the terms of the agreement, Arctic Hunter agreed to participate with Alberta Star in the drilling of this test well. Alberta Star holds a 50% working interest in the new well. Under the terms of the Sub-Participation Agreement, Arctic Hunter must pay 50% of Alberta Star's share of the costs, to drill, complete and equip the test well to earn a 25% working interest (being 50% of Alberta Star's pre-participation 50% working interest) in the well. The well is located in Landrose, Saskatchewan on Section 6-50-26-W3M.
Join 80,000 oil and gas professionals who receive our weekly newsletter.
You may unsubscribe at any time with one click.
Arctic Hunter Energy
Alberta Star Development
This article is for information and discussion purposes only and does not form a recommendation
to invest or otherwise. The value of an investment may fall. The investments referred to in this
article may not be suitable for all investors, and if in doubt, an investor should seek advice from
a qualified investment adviser. More
Upcoming OilVoice Training Course
Petroleum Geology of West Africa (Two Day Course)
Please note that this course is spread over two days. The course reviews the key regional controls on petroleum systems and prospectivity across the West African continental margin, covering all onshore, shelfal and deepwater settings between South Africa and Morocco. This second run of the course h...
All OilVoice Training Courses