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Canada Energy Partners Announces Commencement of Montney Drilling and ...

14.06.10

Is contented to announce that completion operations have begun on the Portage c-20-E flat Montney well. The Joint Make bold Partner's decision to penetrate this well horizontally was based, in bountiful part, upon significant gas shows that were encountered in the Doig and Montney formations during the drilling of the vertical distribute of this well. The Montney formation will be tested via a multi-Thespianism fracture stimulation with later production testing. This treat is expected to take 3 weeks.

In appendix, the Joint Venture Confederate of the Project plans to start the drilling of a flawed horizontal Montney well old to July 15th. The location has been selected and a drilling bearing submitted. This well is expected to be completed and tested in beforehand Q4 2010.

Canada Energy is carried by its union venture partner through the fulfilment of the c-20-E and the next $11 million of seam exploration expenditures. Canada Dynamism will have a 50% working interest in the serious rights at Peace River upon the Union Venture Partner finish of its earn-in obligations.

Source: MarketWatch (press release)

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