Down spacing approval from the AER allows for up to nine infill vertical drilling locations or three horizontal wells. Success by offsetting operators indicates horizontal wells appear to be economically superior to vertical wells. Once commodity prices and costs reach levels that provide acceptable rates of return, Forent will proceed with the development of this property.
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|• 31°API oil from Ellerslie formation
• Net Production: 30 bbl/d
• Forent has 3D seismic over these lands
• Offset HZ development wells drilled by industry partner
• 3 Horizontal locations on Forent lands