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Artek Exploration Drills New Discovery Well in B.C., Producing 1,070 Barrels Daily

Artek Exploration Ltd (RTK.TO) last night said it has successfully drilled and completed a new oil pool horizontal discovery well in the Inga region of British Columbia.

Following a five-day extended clean-up test, the 60-percent owned well was flowing at a restricted rate of 1,070 barrels of oil per day and 3.7 million cubic feet of natural gas daily.

Two other wells are planned yet this year with the second well already cased and currently drilling out the horizontal lateral portion. A third well is anticipated to spud the final week of September. All petroleum produced in the Inga area will be processed at the Artek's owned and operated facility.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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