Lotus Creek Exploration Inc. Announces Wilson Creek Development Program Update, New Corporate Presentation and Stock Option Grant
Lotus Creek finished its five-well 2026 Wilson Creek Belly River program by bringing the final two light oil wells on production in September, lifting corporate output above 5,500 boe per day, roughly 72 per cent of which is light oil and NGLs. Newer wells are running ahead of the earlier program: the first three of the latest five-well program averaged about 550 bbl per day of oil and 1,000 boe per day over their first 30 days, versus roughly 350 bbl per day IP30 for the initial seven-well program.
Key figures
- Liquids cut
- ~72% light oil and NGLs
- Option vesting
- one-third on each of the first, second and third anniversaries beginning September 6, 2027
- Options granted
- 156397
- Wells 2026 program
- 5 gross (5.0 net) Belly River light oil wells
- Option strike price
- 3.87
- Corporate production
- exceeds 5,500 boe/d
- Ip30 oil rate recent wells
- ~550 bbl/d per well
- Ip30 total rate recent wells
- ~1,000 boe/d per well
- Long term target boe per day
- 10000
- Ip30 oil rate initial program
- ~350 bbl/d per well
- Ip30 total rate initial program
- ~600 boe/d per well
- Wells brought on past 12 months
- 12.0 gross (11.9 net)
- Battery design capacity boe per day
- 5000
AI analysis
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