"Vermilion has drilled five Cardium wells to date, four have been completed and three have been tied-in and producing in excess of 30 days, post the recovery of all fracture treatment fluids. All completed wells were treated with 18 stage oil fracs containing 20 tonnes of sand. The Cardium program has benefited from strong operational performance to date with a total of 70 of the 72 fracs successfully placed during completion of the first four wells. The wells are roughly 1,800 metres deep, with horizontal legs ranging from 1,250 to 1,500 meters. All the wells encountered significant accumulations of oil bearing, clean sandstones estimated to be approximately 8 metres thick. The average 30 calendar day production for the first three wells, post recovery of the hydrocarbons used in the fracturing process, is approximately 440 boe/d per well, with individual well averages ranging from 366 boe/d to 537 boe/d. Production from these wells is approximately 90% light oil and 10% associated gas with no water production. The fourth well was recently completed and initial results appear in-line with those of the first three wells. The fifth well is anticipated to be completed in early June. Vermilion believes the geological deposition characteristics in West Pembina will provide for highly repeatable results for this play going forward, and plans to double its level of activity in the area for 2011."
These horizontals are longer than most of the Cardium-horizontals drilled by other operators(1000-1200 vs. 1250-1500 meters) and the number of frac stages is greater(~10 vs. 18).
VET is one of the biggest acreage holders in the West Pembina Cardium shorelines, where the geology is suppose to be much better than in most other areas of the formation(excluding of course the Pembina core).
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