LongBow Energy Continues Drilling Success in Leduc
LongBow Energy together with its partners has successfully drilled and cased three Mannville depth gas wells in the Leduc area with multiple gas pay zones in each of the wellbores. Completion operations are underway on the wells. LongBow has earned 12% in each of these wells by paying 20% of costs to tie-in. In addition, LongBow has successfully negotiated farm-in terms on four shallow gas wells in the same area and with the same partners and terms. Drilling operations on those wells are underway at present.
The Company also announces the successful drill and case of a second Coal Bed Methane (CBM) well in the Three Hills area of Alberta. This is the second well drilled on the lands acquired earlier this year. Completion and testing of this well will occur during the first quarter of 2006 with additional completion and testing to occur upon government approval of commingling multiple CBM zones and gas sands within the wellbores. LongBow has paid 50% of the drilling and completion costs to earn 25% in the well and three additional spacing units. To date, LongBow has earned rights to drill an additional six wells on the CBM and shallow gas prone lands. The Company together with its partners, have a drilling plan in place to commence the first quarter of 2006 on two additional sections of CBM and shallow gas land in the Three Hills area.
- Longbow Resources Inc. Completes and Tests 2nd Byemoor Oil Well (Jan 08)
- Longbow Completes Camdel Acquisition (Apr 02)
- Longbow Energy Makes Oil Find at Garrington Well (Oct 20)