Sonoro Energy secures drill rig for Countess well

Executive Summary

• Sonoro Energy Ltd. has secured Precision Drilling Corp. rig PD239 to commence drilling on its Countess well in Alberta.
• The rig is expected to arrive on site within the next few days, with a well spud date anticipated by or before August 11.
• The well targets Mississippian-aged carbonate formations at an estimated depth of 3,500 feet, with operations expected to take approximately one week to reach total depth.

Key Details

• Rig Details: Precision Drilling Corp. rig PD239, a Super Single trailer style rig, 600-horsepower, outfitted with a 5,000-pound-per-square-inch circulating system.
• Well Location: 04-15-19-15 W4, approximately 10 kilometres west of Brooks, Alberta.
• Operator Interest: Sonoro Energy is the operator with a 100-per-cent working interest.
• Target Formation: Mississippian-aged carbonate formations.
• Estimated Depth: Approximately 3,500 feet.
• Timeline: Rig arrival in the next few days; spud date by or before Aug. 11; drilling duration approximately one week to total depth.
• Strategic Context: Drilling the Countess well allows Sonoro to earn a 100-per-cent interest in 3.5 sections of prospective leases currently held by Badlands Resources. Several similar follow-up prospects have been mapped on this acreage.

Notable Quotes

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