Primera Energy drills, cases first two wells at WDPrimera Energy drills, cases first two wells at WD-4
Primera Energy Resources Ltd(C:PTT)
Shares Issued 56,014,750
Last Close5/5/2011
.255
Tuesday May 10 2011 - News Release
Mr. Pat Acham reports
PRIMERA ENERGY RESOURCES LTD. (TSX-V:PTT) ANNOUNCES CORPORATE UPDATE
Primera Energy Resources Ltd. has provided the following corporate update.
Block WD-4
Thecorporation has completed drilling and casing the first two wells inits 2011 drilling campaign. The first well, PS 131RD, was drilled to adepth of 5,626 feet and casing was cemented at 5,524 feet. The wellencountered a total of 255 feet of net pay, of which 109 feet will beinitially completed in.
The second well, PS 132RD, was drilled to adepth of 5,100 feet and casing was cemented at 5,100 feet. The wellencountered 250 feet of net pay, of which 80 feet will be initiallycompleted in.
The corporation has received all the necessaryregulatory approvals to complete the wells. As such, a workover rig isexpected to be mobilized within the next 24 hours to the PS131RD welllocation for completion operations, following which well PS132RD will becompleted and put onto production.
Primera has identified 13sites for its present drilling program which is anticipated tosubstantially increase production within the next 12 months and iscontinuing with its reservoir characterization study which is aimedprimarily at identifying additional drilling opportunities on the block.
We seek Safe Harbor.