The company increased its budget to C$102 million (US$77.5 million), the bulk of which will directed to drilling 12 development wells and tying-in a four-well pad at Placid in the Montney. A single rig is currently operating in the region. The company said it has established a “scalable operated Montney position” after placing four new wells on stream during its winter 2015/2016 programme.