Open Range Energy Corp
ONR 1.36 CAD | CHANGE: -0.01 | Delayed 15 minutes SEDAR
Latest News
  • 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>>
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Welcome to Open Range
  • 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
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First Half 2010 Capital Program
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$30
million capital spending budgeted
3
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
1
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)
1
New Cardium (37.5 percent W.I.) horizontal oil well completed and successfully tested, expected to be on-production in April
1
Hz Glauconitic (20 percent W.I.) horizontal well in west central Alberta tested at 3.7 mmcf/d plus liquids
1
Vertical well (100 percent W.I.) to be drilled at Ansell/Sundance after spring break-up
3600
boe/d forecast first-half average production

Current Highlights
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4000
boe/d total corporate production (April 2010)
< $2.00
total cash costs per mcfe of production (operating expenses, G&A and interest)
$50
million current net debt
$75
million total borrowing capacity
Contact Us

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

  • Emergency Tel: 1-866-604-9538

Copyright 2009 Open Range Energy Corp.