Wellstar Announces Results from Mannville Oil Well in Alberta

Wellstar Energy Corp. (TSXV:WSE) announced the results and development plan for its re-entry program at its 35 percent owned Mannville oil well in the Leduc area of Alberta. The re-entry program was put in place to test a potentially productive upper bypass zone in the Glauconitic Manville formation.

As quoted in the press release:

The production testing has indicated virgin reservoir pressure with recovery of light oil and solution gas. The company is in the process of developing a comprehensive horizontal drilling plan.

Production equipment has been run in order to establish a steady short term production test. Test production rates from this vertical wellbore demonstrate the Test Formation is an excellent candidate for horizontal drilling and were approximately 6 barrels/day (2.1 barrels/day net Company share) of emulsion and approx. 1.5 E3M3/Day (1.8 barrels per day of oil equivalent using 10:1 conversion factor) of solution gas.

On March 13, 2014, a service rig was mobilized to comingle the test zone with the existing Manville zone where the Company expects a combined production rate of approximately 15 barrels of oil equivalent per day (5.25 boepd net).

Click here to read the full Wellstar Energy Corp. (TSXV:WSE) press release.