The well is expected to take approximately 10 days to drill to a target depth of 1650 meters (5413 feet), followed up by a potential testing program.
Total production at the company's two Teepee Creek wells during the last two months averaged 113 boe/day.
During this time, new downhole equipment was being installed which resulted in considerable down time. Based on actual hours of production for May and June, the wells are capable of producing approximately 204 boe/day.
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