Painted Pony Petroleum is continuing work with wells on their properties in southeast Saskatchewan. In an update on their operations provided shortly before Christmas, Painted Pony indicated they have begun a delineation program with three wells (1.
Painted Pony Petroleum is continuing work with wells on their properties in southeast Saskatchewan.
In an update on their operations provided shortly before Christmas, Painted Pony indicated they have begun a delineation program with three wells (1.2 net) drilled in the fourth quarter of 2011.
The first well, in which they have a 30-per-cent working interest, was completed in mid-December and flowed at a rate of 295 barrels of oil a day, with a 30-per-cent water cut after one week.
The second well, also with a 30-per-cent working interest, is currently being completed, and the third well, with a 65-per-cent working interest, to be completed in January 2012.
The overall production by Painted Pony properties for the first 15 days of December showed an average of 5,500 barrels a day of oil, with 30 per cent oil and liquids. In addition, over 2,200 boe per day of production has been tested and is awaiting tie-in, and should be brought on stream before the end of January.
