Reece has participated in the drilling and completion of three (0.5 net) Bakken wells in the Forget field in south east Saskatchewan. The operator, Crescent Point Energy Trust, has finished drilling three of four gross wells that Reece will have an interest in. Drilling of the fourth well has begun. The wells are currently being fractured, completed and are anticipated to be put on production in the coming weeks.
In addition, Reece has participated in the first of four Bakken wells with its partners in the Stoughton area. Reece is participating with an average working interest of 37.5% of the four planned wells. The first well has been fractured and is currently being flow tested. The three remaining Bakken wells will be drilled in the coming months.
The current drilling update combined with the previously announced exploratory Bakken drilling brings Reece's total Bakken wells drilled this year to eight (2.75 net) with an additional three (1.0 net) wells planned for the remainder of the year.
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