Delphi Energy Corp. (TSE:DEE) updates on its ongoing operations at Wapiti in North West Alberta.
Delphi Energy Corp. (TSX:DEE) updates on its ongoing operations at Wapiti in North West Alberta.
The press release is quoted as saying:
Delphi drilled eight vertical wells (7.4 net) at Wapiti as part of its winter drilling program, targeting sweet natural gas in the Nikanassin and shallower Cretaceous intervals. The wells drilled included offset locations to previous drilling successes and step-out locations that have generated additional low risk drilling inventory. Production from these intervals has a natural gas liquids (“NGL’s”) content of up to 120 barrels of NGLs per million cubic feet of natural gas. The resulting production stream is expected to average 45 percent NGLs which have a significantly higher operating netback than natural gas. The Company has drilled a total of 16 vertical wells in the Wapiti area with 100 percent success.