By OGJ editors
HOUSTON, Feb. 28 -- Redcliffe Exploration Inc., Calgary, tested a Triassic Halfway sour oil and gas discovery at Wapiti in the Peace River arch area of west-central Alberta.
Redcliffe, operator with 72% working interest, said the well should go on production in the second quarter and that it will maximize producing rates "due to the current royalty rate and incentive program that are proposed to be changed effective Jan. 1, 2009."
On a 4-day initial production test, the well stabilized at 750 b/d of 48° gravity oil and 2.6 MMcfd of gas on a 20/64-in. choke with more than 1,900 psig flowing tubing pressure, considered to be virgin reservoir pressure.
The company plans to drill at least one more well into the pool this year.
