Drake Ties-In Retlaw Gas Well
Drake Pacific Enterprises Ltd. announces the successful tie-in and production start-up of the Retlaw 12-32-12-18 natural gas well, the spudding of which was announced on June 23, 2008. The well has been producing since October 11, 2008, at steadily increasing rates and has now stabilized at 750 mcf/d.
Drake's net working interest in the well is 28.875 %. This addition brings Drake's current production to approximately 220 boed. This will be further augmented by the restoration of approximately 60 boed of shut-in natural gas at Sousa, anticipated by year-end.