Canada Energy Partners (CE), Canadian Spirit Resources Inc.'s (SPI) neighbor to the south, announced today that it will frac its first horizontal well. From the news release, "the completion will test 1000 meters of consistent Montney resevoir encountered in the lateral section which exhibited encouraging natural gas responses throughout."
Neighboring companies like CE completing Montney wells and exploration success by Talisman Energy significantly derisks SPI's Montney shale lands.
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