Kakwa

The initial production rate of a horizontal well drilled at East Kakwa in west central Alberta was 10.9 MMcf/d at a flowing wellhead pressure of 2,380 psi, said Calgary-based junior independent ProspEx Resources Ltd. During an extended test the well produced at a stable flowing pressure of 2,300 psi, with the flow rate increasing to 6.6 MMcf/d from 6 MMcf/d. CEO John Rossall said the well validated “the concept of a repeatable horizontal drilling development on our lands.” The well cost an estimated C$3.9 million to drill and complete, prior to the deduction of an estimated C$700,000 Alberta drilling royalty credit. The well is to be tied into ProspEx’s pipeline by November. ProspEx is the operator with a 60% stake; NAL Resources owns the remaining 40%.