Latest Strongbow Resources (STBR) Headlines Str
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Strongbow Resources Compeer Well IP at 60 BOPD
Marketwire - Mon Mar 25, 7:15AM CDT
Strongbow Resources Inc. (OTCQB: STBR) is pleased to announce that it completed the installation of permanent production facilities on its recently drilled Big Lake Compeer 5-29-33-02 W4M well. The well was horizontally drilled into the Viking formation. During drilling the well encountered light oil shows from the Viking formation. A ten stage multi-zone nitrogen aided fracture stimulation was made over the entire 1000 metre long lateral section of the well. The well was initially tested in November 2012, however, due to high solution gas ratios, proper wellhead separation and fluid storage facilities needed to be installed. This was recently completed and the well was placed on production test at the end of the first week of March 2013, producing light (42 degrees API) oil. Production rates have been variable as it is in early stages of testing. IP rates were in excess of 60 barrels of oil per day based upon short flow periods, and the well needs to be production tested for a longer period of time.
Strongbow Resources Puts Compeer Well on Production
Marketwire - Thu Feb 07, 7:15AM CST
Strongbow Resources Inc. (OTCQB: STBR) ("Strongbow" or "the Company"), announces its well at Compeer 5-29-33-2W4Hz was equipped with permanent production facilities. The well will produce from the Viking Formation. Gas production will initially be flared but will be conserved upon future development of the prospect. The oil will be trucked to a local facility for sale.