(MENAFN- ProactiveInvestors - Australia) Mako Hydocarbons (ASX: MKE) remains on track to start production from its Provost wells in Alberta in early July despite minor delays due to inclement weather.
The company has now cased and completed all 3 wells in the current drilling program though weather delayed construction of gathering systems to tie in the new wells.
Despite this and the delay in installing battery upgrades to facilitate water-handling and increase oil productive capacity, Mako still expects production from the new wells to come on stream in early July.
The 3 wells targeted the Dina heavy oil formation. The previous MKE HZ 12-2 well that was drilled last year had flowed oil at an initial rate of 45 barrels per day in November 2011.
Mako owns 1.5 sections, or 960 acres, at Provost. This includes a multi-well oil battery with a gathering system on two proven Dina oil pools and one Cummings oil pool.
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