Lotus Creek Exploration Inc. (TSXV: LTC) has announced the completion of its five-well 2026 Wilson Creek Belly River drilling program, with corporate production now exceeding 5,500 barrels of oil equivalent per day. The company reports that 12 gross Belly River wells brought on stream over the past 12 months have pushed output to approximately 72 per cent light oil and NGLs. With its operated Wilson Creek oil battery at design capacity and infrastructure expansion being planned, investors will be watching how the company manages throughput constraints while targeting a longer-term production objective of approximately 10,000 boe per day.

Key Points

  • Lotus Creek Exploration Inc. (TSXV: LTC)
  • Five-well 2026 Wilson Creek Belly River program now complete; corporate production exceeds 5,500 boe per day
  • Recent five-well batch averaged approximately 550 bbl/day of oil and 1,000 boe/day per well over first 30 days; 156,397 stock options granted at $3.87 per share
  • Investors may be watching progress on infrastructure debottlenecking and the 2027 capital budget announcement

Wilson Creek Battery Reaches Design Capacity as All Five New Wells Come Online

Lotus Creek confirmed that in September 2026 it brought on production the remaining two gross (2.0 net) Belly River light oil wells, completing the full five-well 2026 program. With 12.0 gross (11.9 net) Belly River wells placed on production over the past 12 months, corporate output now exceeds 5,500 boe per day. The company's operated Wilson Creek oil battery has reached its approximate design capacity of 5,000 boe per day, and Lotus Creek states it is currently optimising production to maximise oil throughput as the recently completed wells stabilise.

Stronger IP30 Rates from Most Recent Belly River Wells Signal Improving Performance

The release highlights a notable improvement in well productivity across Lotus Creek's two drilling campaigns. The initial seven-well program delivered an average IP30 oil rate of approximately 350 bbl per day per well and total production of approximately 600 boe per day per well. By contrast, the first three wells from the most recent five-well program averaged approximately 550 bbl per day of oil and 1,000 boe per day of total production over their first 30 days. The company intends to provide further performance details on the final two wells once more representative production profiles are established.

Infrastructure Expansion Targeted for Late 2027 to Support 10,000 boe/d Objective

Lotus Creek has initiated planning for the next phase of infrastructure development at Wilson Creek, which it states would provide a pathway toward its longer-term objective of approximately 10,000 boe per day. The company notes this phase will require detailed engineering, equipment procurement, and regulatory approvals. Subject to completion of its 2027 budgeting process and required approvals, additional infrastructure capacity is currently targeted to be available toward the end of 2027. Further scope and timing details are expected to accompany the company's 2027 capital budget disclosure.

Board Approves Stock Option Grant for Directors and Officers

Separately, Lotus Creek's Board of Directors approved a grant of 156,397 stock options to certain directors and officers under the company's stock option plan. The options are exercisable at $3.87 per common share and expire 30 business days following the date of vesting. Vesting occurs in equal one-third tranches on the first, second, and third anniversary dates beginning September 6, 2027. The immediate share price impact was not clear from available public information.