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WESTGATE ENERGY ANNOUNCES COMPLETION OF SUMMER DRILLING PROGRAM
WESTGATE ENERGY ANNOUNCES COMPLETION OF SUMMER DRILLING PROGRAM Canada NewsWire ...
About this update from Westgate Energy Inc
[{"type":"text","content":"\n\n\n\n WESTGATE ENERGY ANNOUNCES COMPLETION OF SUMMER DRILLING PROGRAM\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n The Two-Well Program at the Company's Core Killam Property Was Completed Under Budget, with Initial Production Results Expected to be Issued in Late September\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Aug. 6, 2024\n \n\n /CNW/ - Westgate Energy Inc. (\"\n \n Westgate\n \n \" or the \"\n \n Company\n \n \") (TSXV: WGT), a high-growth junior exploration and production company targeting untapped Mannville Stack medium and heavy oil resources in East-Central Alberta and West Central Saskatchewan, confirms the successful drilling of two wells as part of the initial portion of our second half 2024 (\"\n \n 2H/24\n \n \") drilling campaign. This summer program (the \"\n \n Program\n \n \") consisted of two horizontal multi-lateral oil wells drilled at the Company's core Killam property in\n \n Eastern Alberta\n \n .\n \n\n\n\n\n\n\n\n\n The Program's first well (\"\n \n 16-15\n \n \") was successfully drilled using a four-leg, open-hole horizontal design targeting the Mannville Sparky Formation. The well was drilled in eight days from spud to rig release, resulting in the drilling costs coming in under budget, with a total of 5,056 metres of lateral length drilled within the Sparky Formation. The 16-15 was subsequently brought on production\n \n July 28\n \n\n th\n \n via an on-lease tie-in. The total field estimate cost to drill, complete, equip and tie-in this well is estimated to be\n \n $1.43 million\n \n . The coming weeks of production represent the clean up period for the 16-15 as drilling fluids are recovered and the pumping parameters optimized. Management expects the true productive capabilities o...