Open Range Energy

ONR 1.36 CAD | CHANGE: -0.01 | Delayed 15 minutes SEDAR

- Overview
- Open Range in Alberta

05/13/2010 18:16 Open Range Energy Corp. Announces Increase to Bank Lines and Updated Corporate Presentation More>>
05/12/2010 18:53 Open Range Energy Corp. Announces First Quarter Results and Provides Operational Outlook for the Balance of 2010 More>>
04/6/2010 08:00 Open Range Energy Corp. Announces Positive Test Results for Its Second Notikewin Horizontal Well at Ansell/Sundance More>>

Second 100 percent Notikewin horizontal Deep Basin well at Ansell/Sundance tests in early April at rates up to 6.7 mmcf per day. Please click here for more.
Positive drilling, test and initial production results during March from a total of four (2.6 net) horizontal and one (1.0 net) vertical wells in the Deep Basin and Cardium oil plays. Please click here for more.
First Notikewin multi-stage fractured horizontal (100% W.I.) Deep Basin well tests in mid-February at rates up to 5.4 mmcf per day. Click here for details.
First-half 2010 capital program of four (2.8 net) horizontal and two 100 percent W.I. vertical Deep Basin wells plus one (0.375 net) Cardium horizontal oil well.
Late 2009 working-interest acquisition at Ansell/Sundance creates critical mass of production, cash flow and borrowing capacity to drive accelerated growth. Click here to learn about our $60 million Ansell/Sundance Acquisition.
Focused on Deep Basin sweet natural gas opportunities at Ansell/Sundance:
- Resource play characteristics: unconventional tight sands with large sweet gas-in-place resource and long-life production
- Large, contiguous land position with scalable opportunity base of horizontal and multi-zone vertical drilling locations
Total gross Ansell/Sundance volumes of over 25 mmcf per day (April 2010) (85% W.I.):
- 45 gross producing vertical wells
- First horizontal Bluesky well producing at an average of 1.8 mmcf/d over its first eight months
- First horizontal Notikewin well producing at an average of 1.8 mmcf/d over its first five weeks
Extensive 3D seismic-defined drilling inventory:
- 133 net vertical locations
- 36 net horizontal locations


	million capital spending budgeted
	Hz wells (2.6 net) drilled into the Notikewin and Bluesky before spring break-up; first Notikewin well is on-production since February and second Notikewin well was tested and brought on-production in early April
	New (100 percent W.I.) Deep Basin vertical well at Ansell/Sundance completed and on-production at 3.7 mmcf/d plus liquids (670 boe/d total)
	New Cardium (37.5 percent W.I.) horizontal oil well completed and successfully tested, expected to be on-production in April
	Hz Glauconitic (20 percent W.I.) horizontal well in west central Alberta tested at 3.7 mmcf/d plus liquids
	Vertical well (100 percent W.I.) to be drilled at Ansell/Sundance after spring break-up
	boe/d forecast first-half average production


	boe/d total corporate production (April 2010)
	total cash costs per mcfe of production (operating expenses, G&A and interest)
	million current net debt
	million total borrowing capacity

Tel: 403-262-2936
Fax: 403-262-3924

Emergency Tel: 1-866-604-9538