Stonehaven Exploration Ltd. reports that the first two horizontal Belly River oil prospects of a four well participation and farm-in program in the Wilson Creek, Alberta area have been drilled, completed, equipped and placed on production. Stonehaven participated in the drilling of two development wells and two exploration wells.

The first horizontal development well 100/11-32-042-04W5 (33.1875% W.I.(1)) has been on production since November 4, 2015 and has averaged 89 bbl/d of light oil, 80 mcf/d of natural gas and 114 bbl/d of load fluid and reservoir water in its first 20 days of field-estimated gross raw production.

The second horizontal development well 102/01-04-043-04W5 (45% W.I.(2)) has been on production since November 17, 2015 and has averaged 197 bbl/d of light oil, 162 mcf/d of natural gas and 170 bbl/d of load fluid and reservoir water in its first 7 days of field-estimated gross raw production.

Tags: Stonehaven Exploration Ltd.