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Calgary, Alberta–(Newsfile Corp. – November 13, 2023) – Resolute Resources Ltd. ( TSXV: RRL ) (“ Resolute Resources “, “ Company “, “ our ” or “ we “) Operational Update RESOLUTERESLTD HZ ANTHONY 7-24-83-24W5 The RESOLUTERESLTD HZ ANTHONY 7-24-83-24W5 (“Shoreline”, “7-24”) horizontal multilateral well was drilled with six lateral legs for a total length of approximately 8,500 meters. During drilling, many thousands of meters of oil saturated rock with good gas response were observed. In addition, medium brown oil staining and clean sands were consistently seen on the shaker. Drill cutting analysis from the Shoreline well confirmed the florescence and oil cut analysis observed from drill cutting data from offset vertical wells in the area. This appears to correlate well with deeper Montney oil production and Gething swab tests (25 – 35 API oil). The Shoreline well was completed on October 9th, 2023 and initially flowed back drilling fluid as expected. It was originally anticipated that the well would clean up to a higher oil cut during the flow back period but an unexpected change to higher water cuts were experienced. Potential downhole casing integrity was investigated however no cement bond issues were found. Subsequently, the company believes, […]
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