Cumberland Oil & Gas Ltd. (TSX VENTURE:COG), is pleased to provide an update on the drilling of an Upper Montney horizontal well on its land at West Nig, British Columbia.
In December 2011, Cumberland reported that it had entered into a farm-out and joint venture agreement coverings its 1,128 hectares at West Nig. The earning well, HZ W NIG b-97-K/94-A-13 (the "Earning Well") has been spudded and drilling operations are underway.
The Earning Well is targeting the Triassic Upper Montney at a true vertical depth of approximately 1,760 metres and the horizontal well trajectory will be approximately 2,200 metres in length. Drilling operations are expected to take upwards of three weeks with plans to conduct the completion and production testing immediately thereafter.
The Upper Montney in this area is believed to be over-pressured with very attractive liquids content. Both the Upper and Lower Montney zones have now been successfully completed by other operators in this area with very encouraging results. Due to the high liquids content in this specific area, assuming exploration success, this project is expected to be economically viable at current natural gas and natural gas liquids prices.
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