The 14-29 well, which was deepened by 50mt and fracture stimulated, is currently being tested in-line to the Keyera Strachan gas plant. Currently, the 14-29 well is producing against 1,000psi of pipe line pressure to the high pressure side of the plant. The well is producing approximately 500boe/d net sales to the company (100bbl/d liquids plus 2.8mmcf/d natural gas).
The 14-29 well encountered a 23mt thick Ellerslie sand channel, which directly correlates to Triton’s 3D seismic. The net pay in the well was 11mt of sand and gas in place per section is estimated at 2bcf per net meter and 37bbls of natural gas liquids per mmcf of sales gas.
Well spacing on the Ricinus Ellerslie lands is approved at four wells per section. With the exploratory phase completed, Triton is initiating horizontal drill plans on the Ellerslie thick channel sand with a horizontal well being planned for the second half of 2010.
Additionally, Triton plans to spud an Ellerslie exploration well located ten miles south at the Triton 15-10-36-9W5M well location on or before May 10, 2010. The company is also in the planning stages of a ten section 3D seismic shoot on its Ricinus lands with the shoot targeted for summer 2010.
Triton has accumulated 20 strategic net sections of land directly on-trend with this Ellerslie channel and currently has over 25 drilling locations identified on the Ellerslie trend. Its current production includes the 14-29 well, which is approximately 2,600boepd.
