Saturn Oil & Gas Inc. (TSXV:SMI) announced initial 30-day production rates (“IP30”) for its two recent Viking horizontal wells, as previously disclosed in the December 19, 2017 press release.
As quoted in the press release:
Over the first 30 days of production, the 101/9-31 well cumulatively produced 3,529 bbls of 36° API light oil or an average of 118 bbls/d. The well continues to flow and pump with rates over the last five days averaging 104 bbls/d.
Over the first 30 days of production, the 102/9-31 well cumulatively produced 3,564 bbls of 36° API light oil or an average of 119 bbls/d. The well continues to flow and pump with rates over the last five days averaging 109 bbls/d.
The success of these wells has confirmed Saturn’s technical interpretation as well as demonstrated early stage production results that are comparable to, or greater than, major Viking producers in the area. The Company is currently building an inventory of low-risk horizontal drilling targets over its Lucky Hills, Whiteside and Flaxcombe assets.