Construction was completed on the new 4.35-mile, 4.5-inch diameter gathering line in late February, and the line runs through Altima lands in both sections 5 and 6 of Twp 41 Range 10 W5M.
Altima holds a 19.3545% interest in the subject 14-6 well, and a like interest in the offsetting 6-5-41-10 W5M well and lands.
The 14-6 well was completed in the spring of 2010 in four zones, and is anticipated to produce at a commingled rate of 1,500mcf/d and 52 barrel per day of liquids.
Future plans for the immediate area include the potential re-entry, recompletion and tie in of the 6-5 well, as well as additional offset drilling.
Altima’s land holdings in the Chambers-Ferrier area totals 24 sections with an approximate average working interest of 88.8% in 19 sections and varying interests in seven wells.
The company has access to 140 square miles of 3D seismic over the project area, proprietary log and petrographic studies, proprietary seismic interpretive studies, and access to expanding transportation and infrastructure.
