$PEAK - TriOil Announces Successful Lochend Cardium Result, Provides Cardium Operations Update and Announce - $PEAK - InvestorVillage
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Msg  11149 of 61179  at  9/23/2010 8:42:26 AM  by

liverless


 In response to msg 11148 by  liverless
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Re: TriOil Announces Successful Lochend Cardium Result, Provides Cardium Operations Update and Announces Closing of Asset Acquisition at Lochend

 If these wells perform like the first and the NAL well TOL should have more upside:
	    -   The first well in the program, in which TriOil has a 20 percent
working interest, commenced production at a rate of approximately
700 boe/d post recovery of frac fluid and had a first month average
production rate of approximately 180 bbl per day;
- The second well in the program at 3-26-26-3 W5M was drilled
horizontally 1,200 meters in the Cardium zone and has just been
completed with a multi stage 20 tonne fracture stimulation. TriOil
has a 55 percent working interest in the 3-26 well and production
testing is currently underway on this well;
- The third well in the program at 1-36-26-4 W5M was drilled
horizontally 1,000 meters in the Cardium zone and a multi stage
fracture completion is scheduled for the first week in October.
TriOil has a 60 percent working interest in the 1-36 horizontal well;
- The fourth well in the program has been licensed at 13-1-27-3 W5M and
is expected to commence drilling in the last week of September.
TriOil has a 50 percent working interest in the 13-1 horizontal well;
- The fifth well in the program has been licensed at 1-10-27-3 W5M and
is expected to commence drilling in the last week of September.
TriOil has a 30 percent working interest in the 1-10 horizontal well;
- The sixth well in the program has been licensed at 4-12-26-4 W5M and
is expected to commence drilling in the third week of October
utilizing the same drilling rig from the 13-1 horizontal well. TriOil
has a 100 percent working interest in the 4-12 horizontal well.


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