Ceno Energy Ltd. says that its most recent Gull Lake Area project development well located at 3-5-14-19 W3M has been drilled, completed, equipped and placed on production for oil from the Roseray formation.

Stabilized production rates are approximately 7 cubic meters of oil per day (45 barrels of oil per day). Ceno has a 50% working interest in the 3-5 well.

The next Gull Lake Area project development well, located at 4-5-14-19 W3M, is scheduled to commence drilling before the end of August 2014. Ceno has a 50% interest in the 4-5 well.

Ceno plans to drill at least 2-3 more wells in the Gull Lake Area before year end 2014. These new wells will also target the Upper and Lower Shaunavon formations as well as Roseray formation.

Tags: Ceno Energy Ltd.