-- Expanded Southern Alberta Basin horizontal drilling program --
initiated a three-well horizontal drilling program
during the second
quarter of 2011 that will continue to test
the commerciality of the
play. The first horizontal well was
spud in the second quarter and
drilling operations are now
underway on the second and third wells.
Rosetta plans to expand
the horizontal program to include an additional
four wells to
be drilled by year end.
During the first half of 2011,
Rosetta completed eight vertical delineation wells on its approximately
300,000 net-acre position in northwest Montana. In total, eleven
delineation wells have now been tested. All have encountered oil from
multiple reservoirs that produced varying quantities of oil and gas. The
vertical delineation wells span a wide area and test results have
varied. Based on this variability, some areas of the play will have a
higher chance of commerciality than others. While not all vertical
testing is complete, production from testing only the Bakken reservoir
resulted in an average seven-day rate from all well tests of 22 BOPD and
associated gas from these single stage vertical completions.
suspect they may start to talk more about the play tomorrow morning.
Quarter 2011 Conf. Call
9, 2011; 10am Central (click