Peeler Ranch-7H was completed on 12 November and reached a total depth (TD) of 4,603 metres with a total vertical depth (TVD) of 2,950 metres.
Lagunillas Camp-3H was completed on Wednesday 10 December reaching a TD of 4,312 metres with TVD of 2,593 metres. The laterals for both wells have been successfully drilled centrally within the target zones.
The Peeler Ranch-7H well, which is a commitment well to add to the Peeler Ranch production profile, and the Lagunillas Camp-3H well in the Allright Project Area, were both drilled and designed to be completed as Type III wells, which use longer laterals and higher proppant concentrations during hydraulic fracture stimulation to target significant increases in Initial Production rates and Estimated Ultimate Recovery.
