Stocks in play: Leucrotta Exploration Inc.

Announced the following update: Leucrotta recently completed the A8-22 Lower Montney well utilizing ...

Announced the following update: Leucrotta recently completed the A8-22 Lower Montney well utilizing a 58% increase in frac intensity. The well was completed using a 41-stage completion placing 100 tonnes per stage into the formation versus the 26-stage completion used in the offset 8-22 well. The increase in frac intensity was used to help prove up the theory that increased frac intensity would result in increased production and the estimated ultimate recoveries of oil and gas.The new well was placed on production in late June and had an IP30 of 996 boepd comprised of 375 bopd of light oil, 3.4 mmcf/d of gas, and 60 boepd of ngls. This compares favourably to the previously released 8-22 well that had an IP30 of 671 boepd comprised of 244 bopd of light oil, 2.3 mmcf/d of gas, and 41 boepd of ngls. Leucrotta Exploration Inc.