Anglo Canadian Oil Corp. Provides Operations Update
Anglo Canadian Oil Corp. (CVE:ACG) announced that a multistage frac on the “Nordegg Member” has been successfully performed as planned on the Shane 7-11 well.
The press release is quoted as saying:
Approximately 600m of the 1240m horizontal leg was fractured in 6 stages. Swabbing operations are ongoing, and it may take up to 2 weeks or more before initial production numbers are known. Rigorous analysis of core samples and logs coupled with petrophysical analysis has provided Anglo management with considerable insight into the potential productive capabilities of the Nordegg. Petrographic analysis of a major constituent rock type of the Nordegg shows low amounts of ductile clay minerals and abundance of brittle calcite, which management believes will respond well to a fracture stimulation.
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