Prairie Provident Resources Inc.（简称“Prairie Provident”或“公司”）发布其在Princess和Michichi区域的钻井项目最新进展。

公司在其Princess核心区域成功钻探并完工了一口Ellerslie多腿裸眼水平井，井号为102/03-24-018-11W4M。

随着井的清理工作进行，产量持续增长。根据井口现场估算，最新日产量约为290桶油当​​量/日（其中重油185桶/日）。迄今为止，由于天然气外输量的限制，102/03-24-018-11W4M井的初始产量受到一定限制。我们预计短期内天然气产量将有所下降，因此，未来天然气外输将不再是问题。

在Princess油田，公司安装并调试了位于10-23-018-11W4M井位的废水处理设施。该项目包括将102/10-23-018-11W4M Pekisko废水处理井接入该系统。公司预计，通过免除采出水运输和第三方废水处理费用，该项目每年可为该地区节省约60万美元的运营成本。

在Michichi油田，公司在4-31-30-18W4M井位的03-30-30-18W4M和02-30-30-18W4M井位钻探了两口一英里长的基底石英水平井。地质测井结果表明，两口井均钻遇了高质量的基底石英储层。然而，两口井在主固井作业期间均发生了生产套管破裂。井下摄像显示，套管接箍处相似深度处均出现了套管剪切/变形。公司仍在调查中，但认为这些是独立事件，可能是由地质力学因素触发的临界应力亚地震断层系统中的斜向滑动造成的。

在米奇奇/德拉姆黑勒地区，普雷里普罗维登特公司一直采用标准的偏置井钻井设计，用于单腿套管基底石英水平井。公司认为，03-30-30-18W4M 和 02-30-30-18W4M 井在目前的井位配置下不太可能可以挽救。公司目前正在评估这些地质力学事件对其未来在米奇奇地区钻井设计的影响，并将提供有关未来基底石英开发的最新运营信息。

Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) provides an operational update on its drilling program in its Princess and Michichi areas.

The Company successfully drilled and completed one Ellerslie multi-leg open hole horizontal well, 102/03-24-018-11W4M, in its Princess core area.

Production continues to increase as the well cleans up. Latest daily production was approximately 290 boe/d (185 bbl/d of heavy oil) based on field estimates at the wellhead. To date, initial production from 102/03-24-018-11W4M has been constrained due to limitations on the natural gas takeaway volumes. We expect the flush natural gas production to decline in the near term and as such, natural gas takeaway will not be an issue in the future.

At Princess, the Company installed and commissioned a water disposal facility at 10-23-018-11W4M. Included in this project was the tie-in of the 102/10-23-018-11W4M Pekisko water disposal well. The Company expects annual area operating cost savings of approximately $600,000 from this project, by eliminating produced water trucking and third-party water disposal charges.

At Michichi, two one-mile Basal Quartz horizontal wells were drilled off the 4-31-30-18W4M surface pad site at 03-30-30-18W4M and 02-30-30-18W4M. Both wells encountered high quality Basal Quartz reservoir as evidenced by the geological strip logs. However, production casing failures occurred during the primary cementing operations at both wells. Downhole camera visualizations show casing shearing/deformation at similar depths on a casing collar. The Company is still investigating but believes these are separate events that may have been caused by an oblique slip in a system of critically stressed sub-seismic faults triggered by geo-mechanical factors.

In the Michichi/Drumheller area, Prairie Provident has adhered to the standard offset well drilling design for single leg cased-hole Basal Quartz horizontal wells. The Company believes the 03-30-30-18W4M and 02-30-30-18W4M wells are unlikely to be salvageable in their current configuration. The Company is currently assessing the impact of these geo-mechanical events on its future drilling design in the Michichi area and will provide operational updates regarding future Basal Quartz development.