VAALCO Energy Completes And Brings Online Four High-Production Wells In Canada
$EGY
Oil & Gas Production
Energy
Highlights:
- Safely and successfully drilled, completed and brought online four long lateral wells in Canada;
- All wells were 2.75 mile lateral development wells;
- Strong initial production rates of approximately 500 barrels of oil per day ("BOPD") for three of the four wells, with production of approximately 350 BOPD for the fourth well, prior to the well being shut in for a regulatory required pressure build up;
- Average cycle time for the four wells was about 65 days from rig release to first production; and
- Strategically targeting an appraisal well in the third quarter of 2024 in the Company's Southern acreage