FIELD ACTIVITIES / Devlan Exploration Company Ltd. Kicks Off Winter
Drilling Program
CALGARY, Oct. 28 /CNW/ - DEVLAN EXPLORATION COMPANY LTD. recently
acquired 2,880 undeveloped acres in the Lethbridge area and received EUB
approval to drill two wells at 01-11-10-21-W4 and 04-01-10-21-W4.
The Company spudded the first well on October 28, 1998 and expects to
spud the second well prior to November 1, 1998. These two wells are the first
stage of Devlan's nine-well winter drilling program and are expected to
produce at rates similar to an adjacent well that has been production tested
at 525 mcfd.
The Company's focus in this first stage is to develop the recently
acquired acreage and to expand its presence in the area. Production from
these wells and a third, optioned well will be brought on stream and tied-in
by January 1, 1999.
The Company expects the first stage of the program to bring on between
750 and 1,250 mcfd, resulting in a 1998 exit rate of 3,000 to 3,500 mcfd.
The second stage of the program will focus on Devlan's Iron Springs
property. The Company presently has 7,300 undeveloped acres in the area and
has identified seven drilling prospects to be developed early in 1999.
As a result of Devlan's comprehensive experience in the area and the data
gathered from previous drilling programs, the Company will employ
under-balanced drilling technology for this program, This will increase the
reserve life and enhance the deliverability of the reservoirs. As Devlan
continues to develop and expand its core areas, this technology will be applied to other prospects.
Devlan exploration EVLAN EXPLORATION COMPANY LTD. is a Calgary based oil and natural gas
company focused on asset enhancement and optimization of previously overlooked
or underachieving properties. Devlan's exploration and production activity is
concentrated on natural gas prospects in Alberta.
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