Primera Energy raises production 35% to 610 bopd Primera Energy raises production 35% to 610 bopd
Primera Energy Resources Ltd (C:PTT)
Shares Issued 57,114,750
Last Close 3/30/2012
.18
Tuesday April 03 2012 - News Release
Mr. Geoffrey Leid reports
PRIMERA ENERGY RESOURCES LTD. (TSX VENTURE:PTT) ANNOUNCES CORPORATE UPDATE ON BLOCK WD-4 DRILLING PROGRAM - RECOMPLETION PROGRAM INCREASES PERL'S PRODUCTION RATE BY 35%
Primera Energy Resources Ltd. is providing the following corporate update.
Optimal block WD-4
PS 111RD, originally drilled and completed on Dec. 1, 2011, was recompleted on March 27, 2012, in the Upper Cruse formation. The well came in flowing with an initial production of 202 barrels of clean oil per day, on a 4/32nd-inch choke with casing pressure of 1,200 pounds per square inch. As of April 2, 2012, the well continues to flow on 4/32nd-inch choke with casing pressure of 1,000 pounds per square inch. The cumulative production to date is 1,079 barrels of oil, averaging 180 bopd. Approximately 236 feet of net pay in the Upper Cruse and Forest formations remain to be exploited.
This recompletion has increased PERL's current production rate by 35 per cent to 610 bopd.
As reported earlier, work is continuing on location preparation for redrilling PS 174RD and PS 125.
We seek Safe Harbor.