Project Profile
Value: Undisclosed
Location: South West Ontario, Canada
Completion Year: 2011
The Ausable - 5 wellbore is being logged to identify the intersected hydrocarbon zones in the Ausable reef. The Ausable reef is currently on production and is generating revenue from the initial Enhanced Oil Recovery Natural Gas Recycling program which commenced in 4Q 2010.
The Ausable well will be cored and data used to develop the company\'s gas storage asset and assist in determining horizontal drilling locations and trajectories for the first phase of the Natural Gas Recycling and Enhanced Oil Recovery (EOR) program. Once Ausable #5 is completed the drilling rig will recover the stage frac tools that have delayed production from the Ausable # 2 horizontal well.
Operators:
Reef Resources: Operator with 61.9% interest
Solo Oil: 38.1% interest