Total corporate oil and liquids field estimates for the week ending June 24, 2018, was 2,300 bbl/d or 34% of the Company’s 6,850 boe/d for the same period. The strong liquids production during the period was achieved in spite of Cequence’s 50% well located at 11-14 being off production since late May for temporary operational issues. The 11-14 well is expected to be back online in July.
The Company’s 100% well located at 15-4 has produced approximately 46,000 bbls of oil in 57 operating days and is currently flowing at approximately 1,200 bbl/d and 2 mmcf/d of natural gas. To achieve more consistent Dunvegan operating times in June, the Company has successfully begun to deliver a portion of the Dunvegan fluid volumes through its joint 50% infrastructure and facilities it has with KANATA Energy Group. This joint infrastructure will continue to be an integral part of the future development of the Company’s Dunvegan oil inventory.
The Company has identified an additional 26.5 net Dunvegan drilling locations on its land.
Cequence is a publicly traded Canadian energy company involved in the acquisition, exploitation, exploration, development and production of natural gas and crude oil in western Canada. Further information about Cequence may be found in its continuous disclosure documents filed with Canadian securities regulators at www.sedar.com.