Longbow Resources Inc. announced that the company has completed and tested its second new well on its Byemoor Property. The LONGBOW HZ FENNBV 3-9-35-18W4 well spudded on Dec 11 and rig released Dec 20, 2007. The well is a horizontal well drilled from a surface location in 8-8 to a bottom hole location in 3-9-35-18W4. The open hole horizontal section was drilled to a length of 478m. The well was completed from Dec 27 to Jan 7th.
The well swab tested within the range of management's original expectations and is behaving very similar to the first new well, which the Company completed in the Byemoor pool on Nov 24th 2007. The Company plans to produce the well at a stabilized rate in the 40 to 70 boepd range. The variation in production is, once again, due to the initial relativity high gas to oil ratio, which may curtail production due to potential gas processing facilities restraints in the area at this time. The well is expected to be tied-in and on production by February 2008.
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