Lux Energy Corp (OTC:LUXE) has released an update on the West Central Alberta C& C&D program. The D well was a successful Natural Gas well and was included in the production of NG liquid being tied in to the pipeline before December 15, 2009. The D well will be capped until Natural Gas prices rise.
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A new location will be drilled based on the team’s belief that it will follow the same oil trend as the C well. President of Lux Energy Corporation, Shane Broesky, has stated, “Based on the full 3D seismic program, the operator feels that we have a high success rate of encountering the same Oil formation that C well is currently production from. Although the project expected to only find high pressure gas, the company has found an oil zone that flowed at an unstimulated rate of 40bbl/day oil and320mcf gas.
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