The farm-out well will test the multiple and liquids-rich natural gas zones generally present in the area. The location in township 41, range 11, W5M has excellent 3D seismic support, which is expected to enhance the opportunity to encounter better than average producing zones.
Rapidly improving and well tested limited entry multi-stage fracing, similar to such practices used in the Montney and Horn River plays, will be applied in the test well. Permitting has begun and it is anticipated that the well will be spud in the third week of September.
Altima has retained the right to participate in a portion of the test well costs, which will result in the company holding a 50% working interest in the farm-out lands.
