CALGARY, ALBERTA–(Marketwired – Dec. 16, 2015) – Leucrotta Exploration Inc. (“Leucrotta” or the “Company”) (TSX VENTURE:LXE) is pleased to announce an update on its fall drilling program.
Leucrotta had previously announced that it would drill and complete 3 Montney horizontal wells in the greater Dawson area of northeast British Columbia targeting the liquid’s-rich lower turbidite zone of the Montney formation. The program included one development well and two step-out / delineation wells.
The first delineation well tested at a rate of 6.8 mmcf/d of natural gas plus 160 bbls/d of condensate for a combined rate of 1,290 boepd. This rate excludes natural gas liquids in the gas. The test rate significantly exceeded Management’s expectations for the well. Based on mapping, Leucrotta has up to 20 additional locations in the immediate vicinity of the well.
The second delineation is drilled but not yet completed. The well is scheduled to be completed and tested in the near future with results released sometime in Q1 2016.
The development well was drilled and completed and recently placed on production. Leucrotta will release production data on this well in Q1 2016.