Contact Well Averages 200bbls of Wellhead Condensate/mmcf Natural Gas in First Week of Production

Contact Exploration Inc. (TSXV:CEX) announces that the first Contact-operated horizontal Montney well began production on December 1, 2012.

As quoted in the press release:

 The Company is pleased to report that during the first seven days of production the 13-17 Well averaged 200bbls of wellhead condensate/mmcf natural gas.  Contact expects additional liquids recoveries at the third party gas plant to add between 30 and 130bbl/mmcf, depending on whether the gas is processed through the deep cut plant.  On a per production day average basis, the 13-17 Well flowed gross rates of 750bbl/d condensate and 3.7mmcf/d raw gas during the first week (being 281 bbl/d condensate and 1.4mmcf/d raw gas net to Contact, before payout). Contact notes that downstream liquids processing bottlenecks have required Contact to temporarily restrict the productive capacity of the 13-17 Well, as Contact works with downstream plant operators to manage the substantial condensate volumes from the well.

To view the whole press release, click here.