Painted Pony Petroleum Provides Results for Four Montney Gas Wells

- September 11th, 2012

Painted Pony Petroleum Ltd. (TSXV:PPY) announced that it has completed four new Montney gas wells at its Montney gas project, located in Northeastern British Columbia, and provided results for those wells.

Painted Pony Petroleum Ltd. (TSXV:PPY) announced that it has completed four new Montney gas wells at its Montney gas project, located in Northeastern British Columbia, and provided results for those wells.

As quoted in the press release:

The Daiber d-A44-C/94-B-16 (50% working interest; operated) lower Montney well is currently testing in-line through the Company’s Daiber facility. During the past twelve days, this well has flowed at an average wellhead rate of 10.2 MMcf/d over 277 hours. The 24-hour peak rate averaged 13.1 MMcf/d and the most recent 24-hour rate was 9.3 MMcf/d at a current flowing casing pressure of 1,039 psi. The Daiber d-B44-C/94-B-16 (50% working interest; operated) middle Montney well is currently flowing back on initial cleanup. In addition to the middle Montney completion, this well was perforated and simulated across one stage in the upper Montney. During the past three days, this well flowed at an average wellhead rate of 3.2 MMcf/d over 65 hours. Additional test data from this well are expected within the next several weeks following the installation of production tubing.

Click here to read the full Painted Pony Petroleum Ltd. (TSXV:PPY) press release.

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