- WesCan Energy (WCE) updates its status on its drilling at Provost
- The vertical section was completed to a depth of approximately 490 meters, and the build section of the well was drilled, cased and completed
- The multi-leg horizontal well has provided positive characterizations with good oil staining prevalent in the core samples
- Going forward, the company is in the process of completing, equipping and tie-in the well to WesCan’s wholly own infrastructure and production facility
- It is expected the well will be completed over the next seven to 10 days
- WesCan Energy (WCE) is down 1.56 per cent, trading at C$0.32 at 12:03 pm EST
WesCan Energy (WCE) informs of new work that has taken place on its drilling program at Provost, Alberta.
In September, the company started drilling and the new well spudded on September 13, 2022.
The vertical section was completed to a depth of approximately 490 meters, and the build section of the well was drilled, cased and completed.
The rig was formally released on September 30, 2022.
The multi-leg horizontal well has provided positive characterizations with good oil staining prevalent in the core samples taken during the entire drilling operation.
The company is now proceeding with the process of completing, equipping and tie-in the well to WesCan’s wholly own infrastructure and production facility.
The well is expected to be completed over the next seven to 10 days, subject to the available scheduling of the required services.
Production results from the completion of the well will be announced in a future news release.
The overall results of the drilling program were so encouraging that the company is now in the preliminary planning stages of drilling a second multi-leg horizontal well in the same core area at Provost, Alberta.
WesCan Energy (WCE) is down 1.56 per cent, trading at C$0.32 at 12:03 pm EST.