Oil and Gas News - Jed Oil Provides Production And Drilling Update - Quick Facts - Trading Markets (press release)

The company said that it has finished completing one well and tie-ins of two additional wells that were drilled in 2006 by the former Caribou Resources, and these two Sulphur Point oil and gas wells and a Keg River oil well are now on-line producing a total of about 600 boe’s per day. The Company’s winter drilling program consists of fifteen locations in Steen River, ten targeting Keg River oil and five targeting Slave Point natural gas. The first Keg River oil well has been drilled and JED has two rigs currently drilling the next two Keg River oil wells and it is expected that the first four wells of the program, all targeting Keg River oil, will be completed, tied-in and on production by December 24th. In addition to these four new oil wells, the company also has one Sulpher Point gas well that was previously drilled which it anticipates will also be completed, tied-in and on production by December 24th. read more

[Tags]oil, river, wells, keg, production, company, oil and gas news[/Tags]

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