In 2005, Compton drilled 124 (114 net) wells in the Arch with an 89% success rate in 2005.

Located in the Peace River Arch, the Worsley and Cecil properties produce from the Triassic Charlie Lake Formation, a layered sandy Carbonate. These two properties comprise the majority of Compton’s conventional oil production.

 

For 2006 the Worsley pool was the focus of the Company’s operations in this area. We drilled 27 Charlie Lake oil wells in 2006, for a total of 118 vertical and 12 horizontal wells in the area. 

 

The horizontal drilling program at Worsley has produced very positive results.  One horizontal well replaces three vertical wells, at a cost saving of $1.2 million. Horizontal wells allow successful drilling and production in oil bearing rock layers where underlying water is recognized.

 

In 2005, the Company initiated a waterflood program in this area that is projected to increase the ultimate recovery factor for the pool to 25% from 15% on primary depletion. A total of eight wells have been converted to injectors.

 

The Worsley gas plant was successfully expanded with the installation of a 15 mmcf/d amine unit in the first quarter of 2007.  The plant is now capable of processing 13 mmcf/d. 

 

2007 will focus on horizontal drilling and definition of pool boundaries.