re: Ann: Mako Appoints Macquarie and Acquires...
These are pretty awesome production numbers
The 3-13 well has been tied in since April 10, 2011 in order to reduce flared emissions during the completion and evaluation period. The well was flowing up 7 inch casing at approximately 1,250 Boe per day, consisting of 5.2 Mmcf per day of sweet natural gas and an estimated 390 barrels per day of natural gas liquids, including 180 barrels per day of free 56? API condensate and 1,450 barrels per day of completion water. Current production rates are expected to improve when production tubing is run into the well and additional water used to complete the well has been recovered. To date only 36,300 barrels (26 percent) of the completion water has been recovered. The sweet natural gas from the 3-13 well is liquids rich and is expected to yield total liquids of approximately 75 barrels per Mmcf of raw gas including free condensate (35 barrels per Mmcf). Yoho is extremely encouraged by the results from the second horizontal Duvernay shale well and particularly the high liquids content given the current premium in pricing for natural gas liquids. Once completion operations are finalized, production tubing is run into the well and further production data is acquired, Yoho will review additional drilling locations with its partners. Yoho currently has working interests in 50.5 gross (17.7 net) sections of land with Duvernay rights in the Kaybob area along this liquids rich trend.
These guys are about to embark on a six well program
MKE Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held