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Tourmaline Oil Corp. · Lambert programme

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TOURMALINE OIL CORP.
COMPLETE · TD'd 24 MAR 2026 · 11.0 drilling days · 100% · 5,853 m of 5,853 m
DAILY REPORT
DAY 11 OF 11
24 MAR 2026 · MONDAY
Total depth reached. Bit out of hole.
Final survey · 91.2° inclination · 126.1° azimuth
FOOTAGE TODAY
553m
From 5,300 m to 5,853 m · cumulative 5,853 m
100% to TD
HOURS BREAKDOWN
    RUNNING TODAY
    5
    159mm Vertical, Build & Lateral
    159mm BHI DD406TS
    3,110 m drilled on this run · Rotary 44.3 m/hr
    WHAT HAPPENED

    Pacesetter rotated through the final 553 metres of the Wilrich IV lateral and called total depth at 5,853 m MD.

    JOB 26-D0296 · BEAR 2 RIG

    Tourmaline Hz Lambert 14-22 10-14-50-21 W5M

    Wilrich IV horizontal · Spud 19 Feb 2026 · TD 24 Mar 2026
    WELL TD'D
    11.0 days drilling · 33.0-day calendar window
    AS OF 24 MAR 2026 · FINAL-DAY VIEW
    5,853
    m MD
    Total measured depth
    3,331
    m TVD
    True vertical depth
    2,613
    m
    Lateral length
    $343,261
    CAD incl. GST
    Pacesetter ticket
    THE WELLBORE

    Explore by depth.

    Drag the marker to scrub the wellbore at any depth. Every panel reacts.

    SURFACE · 0 m
    AT THIS DEPTH
    0m MD
    Surface
    TVD
    0m
    Inclination
    0.0°
    ROP
    —m/hr
    WOB
    —klbs
    Surface RPM
    —
    Standpipe
    —kPa
    Torque
    —N·m
    Diff. P
    —kPa
    Flow
    —m³/min
    RUNNING
    —
    REWIND
    0 m KOP 3,058 Heel 3,548 TD 5,853
    PULSE INTELLIGENCE

    Tell me about this well

    Tap below for a plain-English rundown — written from the actual numbers, no fluff.

    DAYS VS DEPTH

    Lambert 10-14 against seven offset wells.

    Pacesetter's curve in red. Offsets in grey. Lower-and-left wins.

    DAY 0.0
    FIVE BHAS · ONE RUN EACH

    No bit trips. No re-runs.

    Every section drilled in a single bottom-hole assembly. That's the headline number.

    PACESETTER FIELD TICKET

    Where the $343k went.

    Real ticket 26-D0296. Four buckets, biggest first.

    Subtotal$326,915.00
    GST 5%$16,345.75
    TotalCAD $343,260.75
    VOLUME I · ISSUE 01 SPRING 2026
    PACESETTER WELL

    The Lambert
    10-14
    Well

    OPERATOR Tourmaline Oil Corp.
    FIELD Lambert · 14-22 · 10-14-50-21 W5M
    RIG Bear 2 · Job 26-D0296
    DATES 19 Feb 2026 — 24 Mar 2026
    11.0
    DRILLING DAYS
    5,853 m to total depth
    A PACESETTER REPORT · CHAPTERS I–IV →
    CHAPTER I

    The Plan

    A horizontal well into the Wilrich tight gas play. Three thousand metres straight down. Then a sharp turn east-southeast. Then two-and-a-half kilometres sideways, in zone, at speed.

    Lambert 10-14 was the second well on the Lambert pad — drilled from a surface location at 14-22-50-21 W5M and steered toward a bottom-hole target inside the Wilrich IV formation.

    The design called for a vertical section to 3,058 metres measured depth — the kick-off point — then a 490-metre build to the heel at 3,548 m, then a single-bit lateral all the way to total depth.

    The numbers Pacesetter committed to: a true vertical depth of 3,331 m, a lateral of 2,613 m, a planned azimuth of 127°. Five bottom-hole assemblies. One bit per assembly. No re-runs.

    FIG. 1 The rock column, surface to lateral Twenty-two named formations. The bit passes through every one, in order, on the way down.
    CHAPTER II

    The Execution

    Eleven drilling days. Five bottom-hole assemblies. One run each. Here is how each section came down.

      FIG. 2 Days versus depth, against the Lambert pad Pacesetter's curve in red. Seven offset wells, each in their own colour. Lower-and-left is faster.
      DAY 0.0
      CHAPTER III

      The Result

      Total depth reached on schedule. The lateral landed in zone. The pad's other three wells got a faster blueprint to follow.

      “Five sections. Five bits. Five runs. No trips.”
      — the headline number from this well

      Pacesetter delivered Lambert 10-14 in 11.0 drilling days. The six other Lambert-pad wells in the offset set averaged 12.3 days to a similar depth, with one Ansell well alongside for context. The chart on the right tells the story — lower-and-left wins.

      The lateral ran 2,613 m in zone, ending at a final survey of inclination 91.2° and azimuth 126.1° — both well inside the targeted Wilrich IV envelope. Last survey at 5,844 m MD, TD called nine metres later.

      For the operator, the practical translation: the next well on this pad starts with a known recipe, a known timeline, and a known cost.

      CHAPTER IV

      The Ticket

      A single field services ticket. Four buckets. No surprises.

      CAD $343,260.75
      All-in, including 5% GST. Ticket 26-D0296 · 19 Feb — 24 Mar 2026.

      The directional drilling bucket — day rate plus pro-rated time plus two RSS redresses — accounted for the dominant share, exactly as planned. The remaining buckets covered motor rental, remote monitoring, and ancillary services. No change orders. No after-the-fact adjustments.

      PACESETTER WELL
      RELENTLESS FOCUS ON PERFORMANCE
      Compiled from EOWR, PPR, Final Surveys, BHA Summary, and Field Services Ticket 26-D0296.