ROK Resources Inc. is pleased to provide an operations update for its Kaybob workover and reactivation program, as well as the participation in two non-operated wells.
The Company successfully completed the reactivation of four (4) gross (1.2 net) wells and the workover of one (1) gross (1 net) well in the Kaybob area of Alberta. The operations were completed in July and have resulted in an IP60 of 135 net Boepd (60% liquids) after total net capital expenditures of $970,000. In light of the positive results, the Company has identified an additional nine (9) gross (9 net) reactivation and/or workover candidates in the area, which have been scheduled to be onstream for early 2023.
The Company also participated in the drilling of two (2) gross (0.6 net) horizontal wells at Kaybob, with the first well (Dunvegan Formation) on production in September and the second well (Gething Formation) expected to be on production in late November. Over the first 18 days of production, the Dunvegan horizontal well has averaged 180 gross Boepd (54 net - 71% liquids), which is consistent with the Company's type curve expectations.
The Kaybob area currently produces ~1,200 Boepd (34% liquids), which accounts for approximately 35% of ROK's corporate production base of 3,400 Boepd (70% liquids).