Stealth Grows Shale Gas Production at Wildmere Field
Stealth has announced that natural gas production from the Wildmere field is rapidly increasing past its previously announced 3.0MMcf/d (raw) 440 BOE/D net production. Ongoing tie-in operations at Wildmere, Alberta have added to existing production and cash flow, with 34 of the 68 wells drilled, tied-in, and producing.
The drilling program kicked-off on July 3rd, 2008. Drilling was completed on October 27th, 2008, with final drilling costs coming well under budget. It is expected that the Company will beat its projected full cycle cost of $350,000/well, and it is on time to complete tie-in operations by year end.