Border Petroleum Commences Slave Point Horizontal Drilling Program at Red Earth
CALGARY, ALBERTA--(Marketwire - Feb. 23, 2012) -
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Border Petroleum Corp. ("Border" or the "Corporation") (TSX VENTURE:BOR) is pleased to announce that it has commenced drilling operations on its initial Slave Point horizontal well in the Red Earth area of northwestern Alberta under a permit covering 18,560 acres of Loon River Cree Nation Lands. Border plans to drill the well to a true vertical depth of approximately 1400 meters plus a minimum 500 meter horizontal leg. The Corporation plans to mechanically stimulate the well as soon as possible after drilling utilizing multi-stage frac technology. Border has licenced a second Slave Point horizontal well and plans, subject to weather and availability of services, to drill the well in March 2012.